Azerbaijan

Azerbaijan
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Azerbaijan
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*:9.9million
Pop. density*:114.8people/km2
GDP*:39.7EUR billion
GDP/capita*:3,990.0EUR

Currency: Manat
Code: AZN
Since: 2006


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:47%
TOTAL NON-LIFE*:53%
Overall Property*:12%
Overall Motor*:17%

Sources:




 


Statistics

tari standard

Azerbaijan 1Q 2021

tari standard

Azerbaijan 1Q 2021


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Latest news


AZERBAIJAN: a positive tendency in GWP and paid claims to continue for the next medium and long term

The domestic insurance market coped to avoid the large-scale negative effects of the COVID-19. However, the summary indicators for January and February indicate a relatively negative impact, at the same time, according to the results of the first quarter of 2021, there is a positive tendency, said Executive Director of the Azerbaijan Insurers Association (AIA) Elmar Mirsalayev for Trend.


AZERBAIJAN: in Jan-April MTPL GWP increased by 9.5% y-o-y

From January to April GWP in MTPL grew by 9.5% y-o-y to AZN 28.7 million (~EUR 13.93 million*), Trend reports citing the statistical report of the Central Bank of Azerbaijan (CBA). According to the CBA, in 2020 for the same period MTPL GWP the country amounted to AZN 26.2 million.