Just a few reinsurers and brokers added to the registry of the State Insurance Supervision Service of the Ministry of Finance of AR (http://sigorta.maliyye.gov.az/node/22).
In the reinsurance segment there are 8 novices. The most recognizable brand is Swiss Re Corporate Solutions Ltd. (Dubai branch of the Swiss company). It is also worth noting the presence of the British in the face of Ironshore Europe Limited. The register of foreign insurance and reinsurance companies also includes companies: International Insurance Company IRAO Ltd. (Georgia), Bimeh Iran Insurance Co. (Iran), Starr Insurance & Reinsurance Limited (Bermuda Isles), Qatar Reinsurance Company LLC (Qatar), Emirates Insurance Company (PSC, UAE), JSC ZHASO (Russia). Thus, this list has 159 partners of local insurers.
The number of foreign intermediaries (brokers) has been supplemented by 7 structures - Max Insurance Brokers Ltd., Arthur J. Gallagher (UK) Ltd., Lockton Companies LLP, Alesco Risk Management Services Limited (all are the UK), Aon Central and Eastern Europea (Czech Republic), JLT Sigorta ve Reasurans Brokerligi A.S. (Turkey) and Resolution Insurance Broker, Georgia LLC (Georgia). It is a list of 78 foreign broker companies. Foreign individuals are not represented.
The register of foreign insurance, reinsurance and brokerage companies was established by the Insurance Supervision Service under the law "On insurance activity". Here are companies with high rating, thereby they are allowed to work with local partners to implement the insurance, reinsurance and brokerage operations. --17D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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