Voluntary insurance observes growth on premiums and decline on compensation payment

Azerbaijan gathered AZN 586.595 million of premiums (16.7% more against 2020) at the expense of voluntary insurance for 2021

Life insurance premiums increased in 2021

AZN 383.108 million of insurance premiums were collected in 2021 (26.1% more against 2020) at the expense of life insurance in Azerbaijan

Voluntary motor vehicle insurance has grown

The Central Bank has published the insurance figures of last year.

Mikail Jabbarov: Forecast on compulsory medical insurance exceeded

In 2021, income from unemployment insurance increased by 10.4% up to AZN 135 million, the forecast was fulfilled at the level of 112.2%.

Medical insurance premiums increased in Azerbaijan

The data on the premiums on voluntary medical insurance collected last year by insurers operating in Azerbaijan has been published

Ateshgah insurance company’s deputy chair leaves his post

Fuad Ismayilov, deputy chairman of board at insurance company Ateshgah, has left his post.

Azerbaijan's insurance market has grown

In 2021, insurance premiums in the amount of AZN 843.897 million (15.8% more than in 2020) were gathered through 20 insurance companies in Azerbaijan

Tax benefits on mandatory health insurance services extended

The term of exemption from VAT for provision of mandatory health insurance services in Azerbaijan has been extended until 1 January 2023

Personnel changes conducted at insurance company Xalq Heyat

A range of changes have taken place in the governing bodies of insurance company Xalq Heyat.

Medical Insurance Agency's updated website has now service package search engine

An electronic search system for a package of services has been launched on the official website of the State Agency for Compulsory Medical Insurance.

Compulsory Insurance Bureau hosts a meeting of new members

Compulsory insurance compensations for Jan-Nov increased

The Central Bank has published statistical data on voluntary insurance

Growth observed on both voluntary and compulsory insurance premiums

The insurers in Azerbaijan gathered premiums for AZN 528.898 million at the expense of voluntary insurance

Azerbaijani insurance market has grown this year

The insurance premiums for AZN 767.914 million were gathered through 20 insurance companies in Azerbaijan for the past 11 months of 2021 and this indicator is 14.9% more against the same period of 2020

Income on unemployment insurance contributions increased by 9%

Income on unemployment insurance contributions grew by 9% up to AZN 118.8 million