Bankrupt insurer asks creditors to send claims

Standard Insurance, which is in the process of being liquidated, has applied to its creditors.

Once the best insurer now suffers a loss

Insurance company AXA Mbask has completed the 1st half of this year with loss of AZN 2.125 million

This insurer`s future plans to be discussed

The shareholders of on more insurance company, Amrah Sığorta, are to gather for an extraordinary general meeting

ASA chair: 2 insurers may close by end of 2020

There are two companies operating with poor quality on the insurance market of Azerbaijan.

An expert group under creation at ASA

The Azerbaijan Insurers Association (ASA) is to establish soon an expert group

Does Azerbaijan expect any mergers at domestic insurance market?

The process of merging between insurance companies is not expected in the near future.

ASA chair: Some small insurers can`t pay membership fees

It is regrettable that local insurance companies are likely to close after some time

ASA rep: We`ll try to bring world experience to Azerbaijan

The Azerbaijan Insurers Association is to compile statistical reports

Persons who don’t pay mandatory health insurance fees to be fined

A proposals has been made to amend Article 460 of the Code of Administrative Offences (tax evasion, unemployment insurance or compulsory state social insurance)

Fitch Ratings has withdrawn the rating on AzSigorta

At the initiative of AzSigorta the international rating agency confirmed the rating of the insurance company at the previous level and withdrew it, as cooperation with Fitch Ratings on the renewal of the rating was terminated

Khayal Mammadkhanli: Figures show growth of insurance market and premiums

The activity in Azerbaijan has seriously decreased after the strict quarantine regime had been introduced

Expert: COVID-19 made insurers to review health insurance products

Research shows that before the coronavirus pandemic, only 10% of people displayed an interest to the presence of infectious and "pandemic" diseases in their health insurance packages, and now this percentage has increased by about 70%

Number of insurance agencies has increased – 2 new insurers appeared

Two more insurance agencies have been established in Azerbaijan.

Mandatory Health Insurance Agency`s call center not to operate

Another insurer liquidated in Azerbaijan

Revan Sigorta applied to the Central Bank of Azerbaijan to cancel its license in connection with insurance activities