insurance
Central Bank of Azerbaijan Finalizes Draft Amendments on Mandatory Property Insurance
The Central Bank of Azerbaijan has announced that legislative amendments on mandatory property insurance are in the final stage of coordination. The goal is to improve payout transparency and more accurately determine insured sums.
Novak: Strait of Hormuz Situation Keeps 6–7 Million Barrels Per Day Off the Market
Russian Deputy Prime Minister Alexander Novak said around 6–7 million barrels of oil per day are still not reaching the global market due to the situation around the Strait of Hormuz. According to him, this creates an imbalance between supply and demand and serious volatility.
Azerbaijan's Insurance Market Grows 6.4% in Eight Months
In January-August 2026, Azerbaijani insurance companies collected 1.116 billion manats in premiums, with payouts rising 28.1%.
CBA Adds Two More Foreign Companies to Insurance Broker Register
The Central Bank of Azerbaijan has expanded the register of foreign insurers, adding a Kazakh and an Emirati company. The register now includes 103 foreign brokers.
Azerbaijan's Insurance Market Grows 7.3% in Seven Months
In January-July, Azerbaijani insurance companies collected premiums of 1.006 billion manats, up 7.3% year-on-year.
Geoeconomic Fragmentation Rewrites Insurance Industry Playbook
Geoeconomic fragmentation is forcing insurers to rethink risk strategies, moving from treating geopolitical tension as background noise to a primary driver of risk selection and capital movement.
Strait of Hormuz: Private Companies, Not US or Iran, Will Decide If It's Open
Iran announced the closure of the Strait of Hormuz, but the US says passage is safe. Analysts believe the real decision lies with shipping and insurance companies.
Compulsory Motor Insurance Saves Citizens from Multi-Million Payouts
Without compulsory motor insurance, Azerbaijani citizens would have to cover losses of 100–120 million manats annually out of their own pockets, says Central Bank Governor Vusal Gurbanov.
Azerbaijan Moves Closer to International Standards in Insurance Sector
Azerbaijan is steadily aligning with international standards in the insurance sector
Ranking of Azerbaijan's Insurance Companies by Payouts
FinFly, based on data from the Central Bank of Azerbaijan, has compiled a ranking of insurance companies by total insurance payouts.
Compulsory Insurance and Accident Insurance to Undergo Changes
Azerbaijan plans to amend legislation on compulsory types of insurance
Regulator Prepares New Strategy for Insurance Market Development
Azerbaijan plans to develop a new strategy defining the next stage of development for the national insurance market.
International Insurance Forum Kicks Off in Baku
The Azerbaijan International Insurance Forum, organized by the Azerbaijan Insurers Association, is underway in Baku.