Azerbaijan
AZERBAIJAN: 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 2019AZERBAIJAN: Xalq Life Insurance becomes 4th life insurer in the country
The Azerbaijan's Market Supervisory Authority (FIMSA) approved the license of Xalq Life Insurance for insurance activity on March 27, Trend reported.
4 April 2019AZERBAIJAN: the Compulsory Insurance Bureau has made new appointments
The Board of Trustees for the Compulsory Insurance Bureau of Azerbaijan (ISB) has new appointments. Azer ALIYEV has been appointed Chairman of the Board of Trustees, replacing Lana GOZALOVA, first deputy chairman of the AXA Mbask Insurance Company in this position, Trend wrote.
4 April 2019New appointments in Azerbaijan's CIB
1 April 2019AZERBAIJAN: according to Association of Insurers, market development will accelerate this year
According to the Chairman of the Association of Insurers of Azerbaijan (ASA) Azer ALIYEV, thanks to newly approved insurance rules and the introduction of new voluntary types of insurance, the local market's development will accelerate this year, Trend News Agency reports.
7 March 2019PASHA Life leads among insurance companies in Azerbaijan
3 March 2019Azerbaijan`s head: next year Azerbaijan to switch to system of compulsory medical insurance
3 March 2019AZERBAIJAN: in January local insurers generated GWP 6.5% more y-o-y 28 February 2019
For January, 2019, Azeri insurers generated GWP in the amount of AZN 88.2 million (+6.57% y-o-y), according to the Chamber of Supervision of Financial Markets of Azerbaijan.
28 February 2019AZERBAIJAN: in January local insurers generated GWP 6.5% more y-o-y
For January, 2019, Azeri insurers generated GWP in the amount of AZN 88.2 million (+6.57% y-o-y), according to the Chamber of Supervision of Financial Markets of Azerbaijan.
28 February 2019AZERBAIJAN: AzSığorta ended 2018 with profit of AZN 4.7 million, capitalization increased by 16% y-o-y
AzSıgorta, which in terms of GWP ranked 8th on the local market in 2018, ended last year with profit of AZN 4.7 million, according to the Chairman of the board of the company, Anar TALYBOV.
14 February 2019Digitalization to drive insurance market development in Azerbaijan
10 February 2019Azerbaijan's AXA MBASK talks its possible termination
10 February 2019Compulsory medical insurance to be valid throughout Azerbaijan since 2020
7 February 2019AZERBAIJAN: temporary administration institution established in insurance
The presidential decree of Ilham ALIYEV on amending the Law on insurance activity provides for the right of the Financial Market Supervisory Authority of Azerbaijan to introduce temporary administrators in Azeri insurance companies or dismiss their top management from duty, as the news agency Trend wrote.
7 February 2019New appointment in Azerbaijani insurance company
5 February 2019STATISTICS: AZERBAIJAN, FY2018: market result denominated in euro saw an impressive growth, of over 36%
In 2018 Azeri insurers generated GWP in the amount of almost AZN 728 million (+30.7% y-o-y), data published by the Financial Market Supervisory Authority of Azerbaijan (FIMSA) show. In European currency, thanks to the Azeri Manat appreciation against Euro, the market results look much more impressive, increasing to EUR 373 million (+36.36% y-o-y growth).
30 January 2019AZERBAIJAN: changes in the board of the only reinsurance company - AzRe
On January 3, 2019 Fuad KULIEV was appointed as the chairman of the board of directors of the reinsurance company AzRe, according to the company.
25 January 2019AZERBAIJAN: Azer ALIYEV re-heads Azerbaijan Insurers Association
Azer ALIYEV has been appointed the new chairman of the Azerbaijan Insurers Association (ASA). Association's ex-chair Mustafa ABBASBEYLIi has been assigned advisor to Labor & Social Protection Minister Sahil BABAYEV, as analytical and news agency FINEKO and ABC.AZ wrote.
23 January 2019
