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REINSURANCE NEEDS OF AZERBAIJAN INSURANCE MARKET: DEMAND, SUPPLY AND CURRENT STATE. Tural Aliyev, 19.06.2014, Baku. AZERBAIJAN INSURANCE MARKET POSITION IN SOUTH CAUCASUS REGION. Azerbaijan Insurance Market is the biggest insurance market in South Caucasus ( Figures in Million Euro):
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REINSURANCE NEEDS OF AZERBAIJAN INSURANCE MARKET: DEMAND, SUPPLY AND CURRENT STATE Tural Aliyev, 19.06.2014, Baku
AZERBAIJAN INSURANCE MARKET POSITION IN SOUTH CAUCASUS REGION • Azerbaijan Insurance Market is the biggest insurance market in South Caucasus • (Figures in Million Euro): • Azerbaijan is the most diversified in terms of types of business lines and products • The biggest consumer of reinsurance • The greatest insurance market for capitalization
AZERBAIJAN REINSURANCE MARKET PARTICIPANTS • 1 local reinsurance company • 10 local insurers with effective license for reinsurance supply • More than 100 foreign insurance and reinsurance companies with approximately 150 branches registered in Insurance Supervisory for reinsurance activity in our Azerbaijan market • 60 foreign reinsurance brokers
BREAKDOWN OF REINSURANCE PREMIUMS CEDED BY RATING C and below group includes local insurers and reinsurers as well.
BREAKDOWN OF REINSURANCE PREMIUMS CEDED BY LINES OF BUSINESS FOR 2013 Figures above don’t contain personal insurances including compulsory PA insurance of military and police and other law enforcement overnment agency employees
BREAKDOWN OF REINSURANCE PREMIUMS CEDED BY LINES OF BUSINESS