Compulsory Insurance Bureau of Azerbaijan summed up half year results in terms of the total number of insurance events and paid claims, as informed on the official website of the Bureau.

A new law on agricultural insurance may be adopted before year end in Azerbaijan, Executive Director of the Financial Markets Supervision Authority (FIMSA) Ibrahim ALYSHOV said at the conference "Insurance in Azerbaijan: New Prospects" , organized by XPRIMM and Azerbaijan Insurers Association in Baku.

During VI Insurance conference the Executive director of the Financial Market Supervisory Authority Ibrahim ALYSHOV announced that the insurance market is demonstrating serious growth based on the forming macroeconomic environment.

The biggest local insurer Pasha Sigorta announced introduction of the 1^st international health insurance product in Azerbaijan, according to the portal abc.az. At that maximal insurance amount within the product is USD 250 thousand and minimal premium is USD 769.

Rashad AKHMEDOV is the new executive of the Azeri Compulsory Insurers Bureau (CIB), replacing Fariz AZIZOV, according to the Bureau's official report. Rashad AKHMEDOV officially assumed his duties from June 1, according to the report.

20-21 June 2018 in Baku, will take place, at the Boulevard Hotel, the annual and most important insurance event within the region - "Insurance in Azerbaijan: New perspectives".

Azeri insurers generated during Q1 2018 GWP by 28.16% more than a year before while paid claims remained just at the same level, - said the official report of the Financial Market Supervisory Authority of Azerbaijan.

Association of insurers of Azerbaijan is planning introduction of mandatory travel insurance for arriving tourists, informed the Chairman of the Association, Mustafa ABBASBEILI.

The market needs revision of MTPL tariffs and it means not only increase, but also differentiation according to the country regions, believes Mustafa ABBASBEYLI, Chairman of the Azerbaijan Insurers Association (AIA).

In the 1^st quarter of 2018 insurance companies of Azerbaijan generated GWP up by 28.2% y-o-y, - said the official report of the Financial Market Supervisory Authority of Azerbaijan. Paid claims of the same period slightly exceeded the last year's figure.

Dr. Andy Kuper, founder and CEO of LeapFrog Investments, has received the 2018 Founder's Award and Gold Medal from the International Insurance Society for his pioneering work. He was honoured for LeapFrog companies reaching 130 million people in a decade.

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

International Insurance Society (IIS) will open two regional offices till the end of this year -in London and Singapore, to expand its global footprint, has announced President & CEO of the IIS, Mike MORRISEY at this year's Global Insurance Forum in Berlin.