Central Bank restores licenses of 13 insurance agents

The Central Bank has renewed the license of an insurance agent issued to 13 more individuals.

Another resignation in Günay Sığorta

Azad Javadov, advisor to the chairman of the Board of Directors at Günay Sığorta, was dismissed from his post at his own request.

Certification to be held in field of insurance

The certification in the field of insurance will take place on 10 August.

Günay Sığorta’s head has left his post

Two insurance companies liquidated

The State Tax Service under the Ministry of Economy has announced the liquidation of Inam Sığorta Agentliyi LLC and Risk Sığorta Agentliyi LLC.

Central Bank of Azerbaijan warns insurers

Ipek Yolu Sigorta’s net profit declined

Ipek Yolu Sigorta completed the 1st half of this year with net profit of AZN 478,000 (by 0.6% less against Jan-Jun 2021)

81% of paid compensations account for 5 insurers

AZN 141.69 million (or 81%) out of AZN 174.9 million of compensations paid in Azerbaijan for Jan-Jun 2022 accounted for five insurance companies.

Insurers with the least premiums for past half of 2022

The indicators of the insurance sector for Jan-Jun 2022 have been unveiled.

List of insurers with largest premium indicators

AZN 397.1 million (or 80.8%) out of AZN 491.605 million of premiums gathered by the insurers in Azerbaijan for Jan-Jun 2022 accounted for five insurance companies.

Procedure for calculating insurance premium on compulsory insurance may change

The procedure for calculating the insurance premium on compulsory civil liability insurance of motor vehicle owners may change in Azerbaijan.

Data on receipts for compulsory state social insurance for Jan-Jun 2022 disclosed

Results of certification in field of insurance announced

You will be fined in this case

A person who does not want to insure his real estate will not be able to avoid responsibility by paying a fine of 50 manats for this.

Licenses of 26 insurance agents restored

The Central Bank of Azerbaijan has restored the validity of the insurance agent's license issued to 26 individuals.