AZERBAIJAN INSURANCE MARKET OVERVIEW Anar Talibov, Chairman of the Board AZSIGORTA
TOTAL GROSS WRITTEN PREMIUM (GWP) JAN - AUG 2015, MLN. AZN
TOTAL CLAIMS JAN - AUG 2015, MLN. AZN
116,16
312,84
A Z E R B A I J A N
I N S U R A N C E
M A R K E T
OVERVIEW
LIFE / NON-LIFE GWP JAN - AUG 2015, MLN. AZN
LIFE / NON-LIFE CLAIMS JAN - AUG 2015, MLN. AZN
82,0
32,8
83,4 230,9
Life
non-life A Z E R B A I J A N
Life I N S U R A N C E
M A R K E T
non-life
OVERVIEW
VOLUNTARY / COMPULSORY GWP JAN - AUG 2015, MLN. AZN
VOLUNTARY / COMPULSORY CLAIMS JAN - AUG 2015, MLN. AZN
28,7 118,8
194,1
Voluntary
87,5
Compulsory
A Z E R B A I J A N
Voluntary I N S U R A N C E
M A R K E T
OVERVIEW
Compulsory
GWP STRUCTURE JAN - AUG 2015, MLN. AZN
CLAIMS STRUCTURE JAN - AUG 2015, MLN. AZN
7,8 82,0
86,9
32,8
21,3
16,3 4,7
33,2
50,2
52,7 20,5 20,7
Life
Medical A Z E R B A I J A N
Property I N S U R A N C E
Motor Hull M A R K E T
MTPL OVERVIEW
Other
LOSS RATIO, JAN - AUG 2015
Life
40%
Medical
Property
66%
23%
Motor Hull
80%
MTPL
41%
A Z E R B A I J A N
I N S U R A N C E
M A R K E T
OVERVIEW
GWP MARKET SHARE
TOP 7 companies by GWP, mln. AZN
PASHA 15%
PASHA Life
37%
13%
ATESHGAH
10% 7%
9%
9%
ATESHGAH Life
PASHA Life AZSIGORTA
ATESHGAH Other 21 insurers
A Z E R B A I J A N
39,19 32,74
AZERSIGORTA
27,88
ATESHGAH Life
27,77
AZSIGORTA PASHA
46,03
22,50
AZERSIGORTA
Other 21 insurers
I N S U R A N C E
M A R K E T
OVERVIEW
116,74
AZSIGORTA E-SERVICES (AS IS & TO BE IN 2016)
AS IS
FOR CUSTOMERS
WEB-INTERFACE: o MTPL o Compulsory property o Express Motor hull o Travel
No online services
TO BE IN 2016
FOR AGENTS
May be more products: o Motor hull o GTPL o Voluntary property
PERSONAL ACCOUNT ON WEB-SITE: o Buy insurance product o Get notification about prolongation o View purchase history o View claims history
A Z E R B A I J A N
I N S U R A N C E
M A R K E T
OVERVIEW
COMPARISON OF INSURANCE MARKETS IN 2014 AAA AA A BBB BB B CCC CC C D
12,9 bln. EUR Anadolu Insurance (TURKEY) | BBB – Alfa Insurance (RUSSIA)
| BB
AZSIGORTA
| B+
RUSSIA
A Z E R B A I J A N
I N S U R A N C E
M A R K E T
8,0 bln. EUR
0,3 bln. EUR
TURKEY
AZERBAIJAN
OVERVIEW