Azerbaijan
Insurance market improves in Azerbaijan
9 July 2019AZERBAIJAN: insurance market assets increased by almost 13.5% y-o-y
Total insurance market's assets at the end of 1Q2019 increased by about 13.5% y-o-y, to AZN 1.4 billion (~EUR 0.73 billion), Ibrahim ALISHOV, Acting Chairman of the Board of Financial Market Supervisory Authority of Azerbaijan (FIMSA) said in Baku at the 9th Forum "Insurance in Azerbaijan: Trends & Opportunities".
4 July 2019New insurance products to be introduced in Azerbaijan
2 July 2019AZERBAIJAN: January-April 66% of market GWP collected by voluntary insurance
Total market GWP from January-April 2019 amounted to AZN 265.3 million (~EUR 139.12 million), while total paid claims reached AZN 66.7 million, Trend reports with reference to the Financial Market Supervisory Authority (FIMSA).
27 June 2019Just 15 days left until the 2019 edition of the Azerbaijan Insurance Conference; online registrations still opened
Developing several mandatory insurance lines, as well as reforming the agricultural insurance system or taking steps to the market's digitalization and general modernization are the main growth solutions that will be discussed on the occasion of the 2019 edition of the Conference "Insurance in Azerbaijan: Trends & Opportunities", 28 June 2019, Hilton Hotel, Baku, Azerbaijan.
13 June 2019Azerbaijani insurance company increases liabilities by 10%
9 June 2019Azerbaijani insurance company increases fees
5 June 2019Azerbaijan's financial regulator increases assets by more than 45%
29 May 2019AZERBAIJAN: regulator restricts AzerSigorta's license
The Financial Market Supervisory Authority of Azerbaijan (FIMSA) has restricted the license of the only state commercial insurer AzerSigorta, the regulator announced. Azerbaijan's Bureau of Compulsory Insurance (ISB) also restricted the insurer's access to its information system.
23 May 2019STATISTICS: AZERBAIJAN, 1Q2019: GWP saw slight increase while paid claims dropped by more than 23% y-o-y
In 1Q2019, Azeri insurers generated GWP in the amount of AZN 201.17 million (EUR 105.38 million), 4.17% more y-o-y, according to the statistical data, published by The Financial Market Supervisory Authority of Azerbaijan (FIMSA).
23 May 2019New appointment in Azerbaijan's PASHA Insurance
8 May 2019AZERBAIJAN: recent restrictions on Ateshgah Insurance Company removed
The Financial Market Supervisory Authority of Azerbaijan (FIMSA) removed recent restrictions on the license of Ateshgah for compulsory civil liability insurance for vehicle owners and allowed the company to conclude such contracts, Trend News Agency reported on April 30.
2 May 2019AZERBAIJAN: GWP of AtaSigorta increased by almost 27% y-o-y in 1Q2019
GWP of AtaSigorta for January-March this year amounted to AZN 5.4 million, which is 26.9% more y-o-y. The insurer's paid claims for the period amounted to about AZN 3.5 million (+89.8%), as FINEKO and ABC.AZ reported.
25 April 2019Azerbaijani insurance company increases net profit by almost 15%
24 April 2019New proposals for investment in insurance sector prepared in Azerbaijan
18 April 2019Azerbaijan's financial regulator limits licenses of 2 insurance companies
18 April 2019AZERBAIJAN: The market grew by 2% y-o-y in Jan-Feb
According to The Financial Market Supervisory Authority of Azerbaijan, total market GWP in January-February amounted to AZN 132.82 million (~EUR 68.69 million), 2.05% more y-o-y. Total paid claims dropped by 18.2%, to AZN 33.12 million (~EUR 17.13 million), Trend News Agency reports.
10 April 2019AZERBAIJAN: AXA terminates sale agreement with AXA MBask Insurance Company
The decision to liquidate AXA Mbask Insurance was made after an agreement of intent to sell the company's shares, concluded between AXA and Elkhan GARIBLI on May 21, 2018. The agreement has lost its legal force, the company announced.
10 April 2019AZERBAIJAN's insurance market grows by just over 2%
8 April 2019AZERBAIJAN: AM Best Revises Outlooks to Negative for PASHA Insurance OJSC
8 April 2019
