New Market Report: The Insurance Industry in Azerbaijan, Key Trends and Opportunities to 2018
The Azerbaijani insurance industry has significant growth potential. The gross written premium registered by the industry increased during the review period. As of 2012, 29 insurers and one reinsurer operated in the country's insurance industry. The minimum capital requirements for insurers and reinsurers is AZN5 million (US$6.4 million) and AZN10 million (US$12.7 million) respectively. The industry is moderately concentrated, with the 10 leading insurers accounting for 75% of premiums in 2012. Despite accounting for a small share of premiums, the...
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