Azerbaijan

Location:
Southwestern Asia, bordering the Caspian Sea, between Iran and Russia, with a small European portion north of the Caucasus range

Climate:
dry, semiarid steppe

Natural hazards:
Droughts




Currency: Manat (AZN)

1 EUR = 1.8644 Manat - AZN (December 31st, 2016)
1 EUR = 1.7046 Manat - AZN (December 31st, 2015)
1 EUR = 0.9522 Manat - AZN (December 31st, 2014)
1 EUR = 1.0780 Manat - AZN (December 31st, 2013)
1 EUR = 1.0377 Manat - AZN (December 31st, 2012)
1 EUR = 1.0178 Manat - AZN (December 31st, 2011)
1 EUR = 1.0560 Manat - AZN (December 31st, 2010)

Sources:
Central Bank of Azerbaijan Republic
Ministry of Finance of Republic of Azerbaijan
Azerbaijan Insurers Association (AIA)
Compulsory Insurance Bureau (CIB)

Insurance statistics

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3Q2015
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FY2014Market portfolioxlsx
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1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
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FY2013Insurance market overview pdf
FY2013Insurance Companies Rankingsxlsx
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3Q2013Market Portfolioxlsx
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1H2013Insurance market overview pdf
1H2013
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FY2012Insurance market overview pdf
FY2012Insurance Companies Rankingsxlsx
FY2012Market portfolioxlsx
3Q2012Market Portfolioxlsx
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1H2012Insurance market overview pdf
1H2012Insurance Companies Rankingsxlsx
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FY2011Insurance market overview pdf
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3Q2011Market portfolioxlsx
3Q2011Insurance companies rankingxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010Insurance market overviewpdf
2010Market portfolio and rankingsxls
1H2010Azer insurance market overviewpdf
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls

1H2017 Market Portfolio

1H2017 Insurance Companies Rankings

See all statistics

AZERBAIJAN: Standard Insurance not to be closed

Revocation of Bank Standard's license doesn't envisage closing the Standard Insurance, Rufat Aslanli, chairman of Azerbaijan's Financial Market Supervisory Body Board of Directors, said.

AZERBAIJAN: Licenses of 88 insurance intermediaries revoked

Azerbaijan's Financial Market Supervisory Body has revoked licenses of 88 insurance intermediaries (two legal entities, 86 individuals), reads a message of the Supervisory Body. In addition, licenses of 78 insurance agents have been suspended for three months because they didn't provide quarterly reports to the Financial Market Supervisory Body.

AZERBAIJAN: List of diseases and medical procedures covered by the compulsory medical insurance system submitted to the Goverment

Azerbaijan is taking steps ahead towards the compulsory medical insurance system's implementation. The draft list concerning the diseases and medical services covered by the mandatory health insurance package has been submitted to Azerbaijan's Cabinet of Ministers, Zaur ALIYEV, director of the country's State Agency for Compulsory Health Insurance has stated on September 20th, reports APA.

Azeri ALFA Insurance declared bankrupt

ALFA Insurance OJSC has been declared bankrupt on August 29th, following the decision of the Baku Administrative Economic Court No. 1, the Azeri news agencies inform. A Liquidation Commission has been established within the company, in charge with selling the companies' assets and paying its debts.

AZERBAIJAN: License of Alfa Insurance revoked

Azerbaijan's Financial Market Supervisory Body (FMSB) has revoked the license of Alfa Insurance company, the authority reported. The license was abolished by the relevant decision of FMSB's board of directors.

AZERBAIJAN: Another company may insure cars abroad

Azerbaijani Gunay Insurance company has been included in the register of insurers that can operate within the Green Card system, the Compulsory Insurance Bureau of Azerbaijan said. Green Card system was launched in Azerbaijan in 2016. Some 14 insurance companies have the joined the system in the country.