Azerbaijan

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Location map
author: OCHA/ ReliefWeb


Location:
- Southwestern Asia, bordering the Caspian Sea, with a small European portion north of the Caucasus range.
- Neighbours: Turkey, Armenia, Georgia, Russia, Iran.

Climate:
- dry, semiarid steppe.

Natural hazards:
- droughts.


Macro indicators (* 2018 estimates)
Surface:86,600km2
Population*:9.94million
GDP*:39.66EUR billion
GDP/capita*:3,989.95EUR


Currency: Manat
Code: AZN
Since: 2006

Exchange rates at December 31st:

1 EUR = 1.9468 AZN (2018)
1 EUR = 2.0307 AZN (2017)
1 EUR = 1.8644 AZN (2016)
1 EUR = 1.7046 AZN (2015)
1 EUR = 0.9522 AZN (2014)
1 EUR = 1.0780 AZN (2013)
1 EUR = 1.0377 AZN (2012)
1 EUR = 1.0178 AZN (2011)
1 EUR = 1.0560 AZN (2010)

Sources:




 


Statistics

Azerbaijan 1Q2019 Insurance Companies Ranking

Azerbaijan 1Q2019 Market Portfolio


See all statistics

Latest news

Just 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.




AZERBAIJAN: 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.



AZERBAIJAN: 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.






AZERBAIJAN: 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.




AZERBAIJAN: 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.