Amendments to Regulations on compulsory insurance of civil liability of vehicle owners approved

21 April 2026, Baku: The Central Bank of the Republic of Azerbaijan is continuing to implement improvements to compulsory motor vehicle liability insurance. In this context, the Central Bank's Management Board has approved changes to modernize the existing Bonus-Malus system, which is based on policyholders' insurance history, in line with successful international practice.   The Bonus-Malus system assesses drivers' risk levels based on their insurance history and applies discounts or surcharges to insurance premiums according to the assessment.   According to the approved changes, the existing Bonus-Malus system will be replaced by an Insurance History Coefficient based on an ...