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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



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