Azerbaijan

Location:
Southwestern Asia, bordering the Caspian Sea, between Iran and Russia, with a small European portion north of the Caucasus range

Climate:
dry, semiarid steppe

Natural hazards:
Droughts




Currency: Manat (AZN)

1 EUR = 0.9522 Manat - AZN (December 31st, 2014)
1 EUR = 1.0780 Manat - AZN (December 31st, 2013)
1 EUR = 1.0377 Manat - AZN (December 31st, 2012)
1 EUR = 1.0178 Manat - AZN (December 31st, 2011)
1 EUR = 1.0560 Manat - AZN (December 31st, 2010)

Sources:
Central Bank of Azerbaijan Republic
Ministry of Finance of Republic of Azerbaijan
Azerbaijan Insurers Association (AIA)
Compulsory Insurance Bureau (CIB)

Insurance statistics

1Q2017Market Portfolioxlsx
1Q2017Insurance Companies Rankingsxlsx
FY2016Market portfolioxlsx
FY2016Insurance Companies Rankingsxlsx
3Q2016Market Portfolioxlsx
3Q2016Insurance Companies Rankingsxlsx
1H2016Market Portfolioxlsx
1H2016Insurance Companies Rankingsxlsx
4M2016Market Portfolioxlsx
4M2016Insurance Companies Rankingsxlsx
FY2015Market portfolioxlsx
FY2015Insurance Companies Rankingsxlsx
3Q2015Market Portfolioxlsx
3Q2015
Insurance Companies Rankingsxlsx
1H2015Market Portfolioxlsx
1H2015Insurance Companies Rankingsxlsx
1Q2015Market Portfolioxlsx
1Q2015Insurance Companies Rankingsxlsx
FY2014Market portfolioxlsx
FY2014Insurance Companies Rankingsxlsx
3Q2014Market Portfolioxlsx
3Q2014Insurance Companies Rankingsxlsx
1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
1H2014Insurance Companies Rankingsxlsx
1Q2014Market portfolioxlsx
1Q2014Insurance Companies Rankingsxlsx
FY2013Insurance market overview pdf
FY2013Insurance Companies Rankingsxlsx
FY2013Market portfolioxlsx
3Q2013Market Portfolioxlsx
3Q2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013
Insurance Companies Rankingsxlsx
1H2013Market Portfolioxlsx
1Q2013Insurance Companies Rankingsxlsx
1Q2013Market Portfolioxlsx
FY2012Insurance market overview pdf
FY2012Insurance Companies Rankingsxlsx
FY2012Market portfolioxlsx
3Q2012Market Portfolioxlsx
3Q2012Insurance Companies Rankingsxlsx
1H2012Insurance market overview pdf
1H2012Insurance Companies Rankingsxlsx
1H2012Market Portfolioxlsx
1Q2012Market Portfolioxlsx
1Q2012Insurance Companies Rankingsxlsx
FY2011Insurance market overview pdf
FY2011Market portfolioxlsx
FY2011Insurance companies rankingsxlsx
3Q2011Market portfolioxlsx
3Q2011Insurance companies rankingxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010Insurance market overviewpdf
2010Market portfolio and rankingsxls
1H2010Azer insurance market overviewpdf
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls

1Q2017 Market Portfolio

1Q2017 Insurance Companies Rankings

AZERBAIJAN: Bank VTB Azerbaijan to insure cash machines and cash in them

Bank VTB (Azerbaijan) has announced a tender procedure on the subject of insurance of cash machines and cash in them. The Bank's tender commission reports that bidders can familiarize themselves with the tender documentation at Bank's office (38, Khatayi Avenue; Mezenat Plaza, AZ 1008).

AZERBAIJAN: CIB: Compulsory insurance discounts lead to systemic problems

The Bureau reports that compulsory insurance contracts in the country are registered on the basis of insurance premiums, established by the Financial Market Supervision Authority on each of the types of compulsory insurance, and any deviation from these tariffs are inadmissible.

AZERBAIJAN: Parliament launches discussions on compulsory unemployment insurance

Milli Majlis [Parliament] of Azerbaijan has launched discussions on the draft law "On unemployment insurance."  Under the bill, which was considered at a meeting of the Parliamentary Committee on Labor and Social Policy on May 12, the main principles of unemployment insurance will be obligatoriness, legal equality of unemployment insurance subjects, differentiation of insurance payments depending on the length of insurance and duration of unemployment.