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Insurance News

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calendar 10 February 2020

clock 10:47

Fees for compulsory life insurance increase by 36% in azerbaijan

The insurance fees in the amount of AZN 48.113 mln. were collected during 2019 by the insurance companies functioning in Azerbaijan for the compulsory insurance of the cases of loss of professional working ability as a result of the industrial incident and occupational diseases, “APA-Economics” reports citing the Central Bank of Azerbaijan (CBA). In the reporting year, the companies carried out...

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calendar 1 August 2019

clock 11:09

Over 18,000 "green card" insurance contracts concluded in azerbaijan

Some 18,837 contracts of Green Card international insurance system were signed in January-June 2019, referring to the Azerbaijani Compulsory Insurance Bureau on July 30.   According to the Bureau, insurers entitled to operate within the Green Card system sold 18,837 insurance licenses in January-June 2019, which is 16 percent more compared to the same period of 2018. In January-June 2019,...

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calendar 4 April 2019

clock 13:58

Managerial change in compulsory insurance bureau

Chairman of the Board of PASHA Insurance OJSC Ulviyya Jabbarova, who is a member of the Board of Trustees of the Compulsory Insurance Bureau (CIB), has been appointed Deputy Chairman of the Board. He replaced Talat Safarov, the advisor to the Chairman of the Board of "Atesgah Sığorta" OJSC. Ulviya Jabbarova and Matanat Narimanli, a member of the Board of the "Xalq Sigorta" OJSC, have been appointe...

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