The Insurance Industry in Azerbaijan, Key Trends and Opportunities to 2021

Published: Jan, 2018 | Pages: 69 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric's 'The Insurance Industry in Azerbaijan, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Azerbaijani insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2012-2016) and forecast period (2016-2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Azerbaijani economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric's 'The Insurance Industry in Azerbaijan, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Azerbaijan insurance industry, including:

• The Azerbaijani insurance industry's growth prospects by segment and category

• A comprehensive overview of Azerbaijani economy and demographics

• The detailed competitive landscape in the Azerbaijani insurance industry

• The various distribution channels in the Azerbaijani insurance industry

• Detailed regulatory policies of the Azerbaijani insurance industry

• Analysis of natural hazards in Azerbaijani insurance industry

Scope

This report provides a comprehensive analysis of the insurance industry in Azerbaijan:

• It provides historical values for the Azerbaijani insurance industry for the report's 2012-2016 review period, and projected figures for the 2016-2021 forecast period.

• It offers a detailed analysis of the key segments in the Azerbaijani insurance industry, along with market forecasts until 2021.

• It covers an exhaustive list of parameters, including written premium and claims.

• It analyzes the various distribution channels in Azerbaijan.

• It profiles the top insurance companies in Azerbaijan and outlines the key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Azerbaijani insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Azerbaijani insurance industry.

• Assess the competitive dynamics in the Azerbaijani insurance industry.

• Identify the growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing the Azerbaijani insurance industry and their impact on companies and the industry's future.

key Highlights

• On June 15, 2017, Pasha Insurance introduced a new product for travelers called 'Property Insurance while traveling', through which travelers can insure a trip with special property insurance.

• On April 18, 2017, Pasha Insurance started new voluntary medical insurance for tourists visiting Azerbaijan for the first time.

• In December 2016, the government started a strategic roadmap to improve the economy and develop 11 key sectors. This strategic roadmap is set to achieve medium and long-term goals through sustained development.

• The Azerbaijan State Agency for Compulsory Health Insurance will introduce a pilot project for the introduction of mandatory health insurance by 2017.

 Table of Contents

1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Claims
5 Life Insurance Outlook
5.1 Individual Life Insurance
5.1.1 Gross written premium
5.2 Group Life Insurance
5.2.1 Gross written premium
6 Non-Life Insurance Outlook
6.1 Property Insurance
6.1.1 Gross written premium
6.1.2 Claims
6.2 Motor Insurance
6.2.1 Gross written premium
6.2.2 Claims
6.3 Liability Insurance
6.3.1 Gross written premium
6.3.2 Claims
6.4 Marine, Aviation and Transit Insurance
6.4.1 Gross written premium
6.4.2 Claims
7 Personal Accident and Health Insurance Outlook
7.1 Personal Accident Insurance
7.1.1 Gross written premium
7.1.2 Claims
7.2 Health Insurance
7.2.1 Gross written premium
7.2.2 Claims
7.3 Travel Insurance
7.3.1 Gross written premium
7.3.2 Claims
8 Reinsurance Outlook
8.1 Reinsurance Accepted
9 Distribution Channel Outlook
10 Natural and Man-Made Hazards
10.1 Flooding
10.2 Earthquake
10.3 Droughts
10.4 Extreme Temperature
10.5 Landslides
10.6 Exposure
11 Competitive Landscape
11.1 Company Profiles
11.1.1 Pasha Insurance Company JSC - company overview
11.1.2 Pasha Life Insurance JSC - company overview
11.1.3 Azerbaijan State Insurance Commercial Company - company overview
11.1.4 Ateshgah Insurance Company JSC - company overview
11.1.5 Ateshgah Life Insurance Company JSC - company overview
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Individual life insurance
12.1.4 Individual life insurance by category
12.1.5 Group life insurance
12.2 Non-Life Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Property insurance
12.2.4 Property insurance by category
12.2.5 Motor insurance
12.2.6 Motor insurance by category
12.2.7 Liability insurance
12.2.8 Marine, aviation and transit insurance
12.3 Personal Accident and Health Insurance
12.3.1 Policies and premium
12.3.2 Claims and expenses
12.3.3 Personal accident insurance
12.3.4 Health insurance
12.3.5 Travel insurance
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About Timetric
14.1 Contact Timetric
14.2 About Timetric
14.3 Timetric's Services
14.4 Disclaimer

List of Tables

Table 1: Azerbaijani Insurance Industry - Key Facts, 2016
Table 2: Azerbaijani Insurance Industry - Segment Shares of the Top Insurers, 2016
Table 3: Azerbaijani Government Credit Ratings
Table 4: Azerbaijani Insurance Industry - Gross Written Premium by Segment (AZN Million), 2012-2016
Table 5: Azerbaijani Insurance Industry - Gross Written Premium by Segment (AZN Million), 2016-2021
Table 6: Azerbaijani Insurance Industry - Gross Claims by Segment (AZN Million), 2012-2016
Table 7: Azerbaijani Insurance Industry - Gross Claims by Segment (AZN Million), 2016-2021
Table 8: Azerbaijani Individual Life Insurance - Gross Written Premium (AZN Million and US$ Million), 2012-2016
Table 9: Azerbaijani Individual Life Insurance - Gross Written Premium (AZN Million and US$ Million), 2016-2021
Table 10: Azerbaijani Group Life Insurance - Gross Written Premium (AZN Million and US$ Million), 2012-2016
Table 11: Azerbaijani Group Life Insurance - Gross Written Premium (AZN Million and US$ Million), 2016-2021
Table 12: Azerbaijani Property Insurance - Gross Written Premium (AZN Million and US$ Million), 2012-2016
Table 13: Azerbaijani Property Insurance - Gross Written Premium (AZN Million and US$ Million), 2016-2021
Table 14: Azerbaijani Property Insurance - Gross Claims (AZN Million and US$ Million), 2012-2016
Table 15: Azerbaijani Property Insurance - Gross Claims (AZN Million and US$ Million), 2016-2021
Table 16: Azerbaijani Motor Insurance - Gross Written Premium (AZN Million and US$ Million), 2012-2016
Table 17: Azerbaijani Motor Insurance - Gross Written Premium (AZN Million and US$ Million), 2016-2021
Table 18: Azerbaijani Motor Insurance - Gross Claims (AZN Million and US$ Million), 2012-2016
Table 19: Azerbaijani Motor Insurance - Gross Claims (AZN Million and US$ Million), 2016-2021
Table 20: Azerbaijani Liability Insurance - Gross Written Premium (AZN Million and US$ Million), 2012-2016
Table 21: Azerbaijani Liability Insurance - Gross Written Premium (AZN Million and US$ Million), 2016-2021
Table 22: Azerbaijani Liability Insurance - Gross Claims (AZN Million and US$ Million), 2012-2016
Table 23: Azerbaijani Liability Insurance - Gross Claims (AZN Million and US$ Million), 2016-2021
Table 24: Azerbaijani Marine, Aviation and Transit Insurance - Gross Written Premium (AZN Million and US$ Million), 2012-2016
Table 25: Azerbaijani Marine, Aviation and Transit Insurance - Gross Written Premium (AZN Million and US$ Million), 2016-2021
Table 26: Azerbaijani Marine, Aviation and Transit Insurance - Gross Claims (AZN Million and US$ Million), 2012-2016
Table 27: Azerbaijani Marine, Aviation and Transit Insurance - Gross Claims (AZN Million and US$ Million), 2016-2021
Table 28: Azerbaijani Personal Accident Insurance - Gross Written Premium (AZN Million and US$ Million), 2012-2016
Table 29: Azerbaijani Personal Accident Insurance - Gross Written Premium (AZN Million and US$ Million), 2016-2021
Table 30: Azerbaijani Personal Accident Insurance - Gross Claims (AZN Million and US$ Million), 2012-2016
Table 31: Azerbaijani Personal Accident Insurance - Gross Claims (AZN Million and US$ Million), 2016-2021
Table 32: Azerbaijani Health Insurance - Gross Written Premium (AZN Million and US$ Million), 2012-2016
Table 33: Azerbaijani Health Insurance - Gross Written Premium (AZN Million and US$ Million), 2016-2021
Table 34: Azerbaijani Health Insurance - Gross Claims (AZN Million and US$ Million), 2012-2016
Table 35: Azerbaijani Health Insurance - Gross Claims (AZN Million and US$ Million), 2016-2021
Table 36: Azerbaijani Travel Insurance - Gross Written Premium (AZN Million and US$ Million), 2012-2016
Table 37: Azerbaijani Travel Insurance - Gross Written Premium (AZN Million and US$ Million), 2016-2021
Table 38: Azerbaijani Travel Insurance - Gross Claims (AZN Million and US$ Million), 2012-2016
Table 39: Azerbaijani Travel Insurance - Gross Claims (AZN Million and US$ Million), 2016-2021
Table 40: Azerbaijani Reinsurance - Premium Accepted (AZN Million and US$ Million), 2012-2016
Table 41: Azerbaijani Reinsurance - Premium Accepted (AZN Million and US$ Million), 2016-2021
Table 42: Azerbaijani Average Annual Loss by Natural Hazards (US$ Million), 1990-2014
Table 43: Azerbaijan Natural and Man-made Hazards - Earthquake
Table 44: Azerbaijani Insurance Industry - Market Shares of Leading Insurers (%), 2016
Table 45: Pasha Insurance Company JSC - Key Facts
Table 46: Pasha Life Insurance JSC - Key Facts
Table 47: Azerbaijan State Insurance Commercial Company - Key Facts
Table 48: Ateshgah Insurance Company JSC- Key Facts
Table 49:Ateshgah Life Insurance Company JSC - Key Facts
Table 50: Azerbaijani Life Insurance - Policies and Premium, 2012-2016
Table 51: Azerbaijani Life Insurance - Policies and Premium, 2016-2021
Table 52: Azerbaijani Life Insurance - Claims and Expenses, 2012-2016
Table 53: Azerbaijani Life Insurance - Claims and Expenses, 2016-2021
Table 54: Azerbaijani Life Insurance - Individual Life Insurance, 2012-2016
Table 55: Azerbaijani Life Insurance - Individual Life Insurance, 2016-2021
Table 56: Azerbaijani Life Insurance - Individual Life Insurance by Category, 2012-2016
Table 57: Azerbaijani Life Insurance - Individual Life Insurance by Category, 2016-2021
Table 58: Azerbaijani Life Insurance - Group Life Insurance, 2012-2016
Table 59: Azerbaijani Life Insurance - Group Life Insurance, 2016-2021
Table 60: Azerbaijani Non-Life Insurance - Policies and Premium, 2012-2016
Table 61: Azerbaijani Non-Life Insurance - Policies and Premium, 2016-2021
Table 62: Azerbaijani Non-Life Insurance - Claims and Expenses, 2012-2016
Table 63: Azerbaijani Non-Life Insurance - Claims and Expenses, 2016-2021
Table 64: Azerbaijani Non-Life Insurance - Property Insurance, 2012-2016
Table 65: Azerbaijani Non-Life Insurance - Property Insurance, 2016-2021
Table 66: Azerbaijani Non-Life Insurance - Property Insurance by Category, 2012-2016
Table 67: Azerbaijani Non-Life Insurance - Property Insurance by Category, 2016-2021
Table 68: Azerbaijani Non-Life Insurance - Motor Insurance, 2012-2016
Table 69: Azerbaijani Non-Life Insurance - Motor Insurance, 2016-2021
Table 70: Azerbaijani Non-Life Insurance - Motor Insurance by Category, 2012-2016
Table 71: Azerbaijani Non-Life Insurance - Motor Insurance by Category, 2016-2021
Table 72: Azerbaijani Non-Life Insurance - Liability Insurance, 2012-2016
Table 73: Azerbaijani Non-Life Insurance - Liability Insurance, 2016-2021
Table 74: Azerbaijani Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016
Table 75: Azerbaijani Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021
Table 76: Azerbaijani Personal Accident and Health Insurance - Policies and Premium, 2012-2016
Table 77: Azerbaijani Personal Accident and Health Insurance - Policies and Premium, 2016-2021
Table 78: Azerbaijani Personal Accident and Health Insurance - Claims and Expenses, 2012-2016
Table 79: Azerbaijani Personal Accident and Health Insurance - Claims and Expenses, 2016-2021
Table 80: Azerbaijani Personal Accident and Health Insurance - Personal Accident Insurance, 2012-2016
Table 81: Azerbaijani Personal Accident and Health Insurance - Personal Accident Insurance, 2016-2021
Table 82: Azerbaijani Personal Accident and Health Insurance - Health Insurance, 2012-2016
Table 83: Azerbaijani Personal Accident and Health Insurance - Health Insurance, 2016-2021
Table 84: Azerbaijani Personal Accident and Health Insurance - Travel Insurance, 2012-2016
Table 85: Azerbaijani Personal Accident and Health Insurance - Travel Insurance, 2016-2021
Table 86: Insurance Industry Definitions