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The Central Bank of the Republic of Azerbaijan maintains state regulation and supervision of the insurance sector in accordance with Article 95 of the Law of the Republic of Azerbaijan on Insurance Activity.
Professional participants of the insurance market include insurers, reinsurers, insurance intermediaries, actuaries, independent auditors, independent experts and legal entities engaged in ancillary insurance.
The Central Bank of the Republic of Azerbaijan maintains the register of insurers, insurance intermediaries, including foreign insurers and foreign insurance brokers, their representative offices in the Republic of Azerbaijan, actuaries, as well as legal entities engaged in ancillary insurance and relevant independent experts in accordance with Article 95.3 of the Law of the Republic of Azerbaijan on Insurance Activity.
Insurer is the local legal entity, with a relevant license to implement insurance activity which is the party of an insurance agreement liable to pay an insurance indemnity as specified in compulsory insurance regulations or agreements in case an insurance event specified in the insurance agreement happens.
Reinsurer is the party with a reinsurance license, that reinsures (accepts to reinsurance) insured (reinsured) risks on the basis of insurance or reinsurance agreements signed by original insurers or reinsurers.
- "A-Group" OJSC
Type of business entity Open Joint Stock Company Registration date 16.08.1995 TIN 9900027621 License issue date 30.07.2010 Changes to license Address Baku, Sabail district, Azadlig st., 3 Contact details Tel: 0124982183, 0124982181,
0124988669, *0909, 012 377 09 09E-mail: insurance@a-group.az URL: www.a-group.az Board of Directors Adnayev Sabir Adnayevich - Chairman Bayramov Anar Maharram-Member Afandiyev Elshan Shaig - Independent Member Executive Board Atakishiyev Mammad Natig-Chairman Mammadova Natavan Niyaz - Depyuty Chairman Niftiyev Yalchin Sakit- Deputy Chairman Inspection Commission Gambarov Rustam Bahadir-Chairman Novruzov Faig Oktay- Member Mirzayeva Laman Habib - Independent Member Chief Internal Auditor Samandari Sadi Sabir Chief Accountant Imamguliyeva Natavan Sohbat Actuary Valiyev Sanan Novruz - "AtaInsurance" OJSC
Type of business entity Open Joint Stock Company Registration date 23.07.2004 TIN 1400094571 License issue date 10.11.2009 Changes to license Address Baku, Azadlig avenue, 124 Tel: 936, 0125982433, 0125982432, 0125104058 Fax: +994124498141 E-mail: info@atasigorta.az;
office@atasigorta.azwww.atasigorta.az Board of Directors Aghayev Adigozal Yahya - Member Mukhtarov Zafar Qarib- Independent Member Executive Board Alıyev Seymur Alı-Chairman Mammadov Naim Vasif-Member Inspection Commission Chief Internal Auditor Chief Accountant Allahverdiyeva Kamala Zaman Actuary Musayeva Tarana Musa - "Ateshgah Insurance" OJSC
Type of business entity Open Joint Stock Company Registration date 18.12.1996 TIN 9900004941 License issue date 07.03.2012 Changes to license Address Baku, Nasibbay Yusifbayli avenue, 75 B, AZ1007 Contact details Tel: (+994 12) 940; (+994 12) 497-81-82; e-mail: office@ateshgah.com, www.ateshgah.com Board of Directors Aliyev Ruslan Allahverdi - Chairman Khalilov Namig Calil - Member Shebarova Yekaterina Alekseyevna -Independent Member Executive Board Kazimov Tahir Islam - Chairman Rzayev Orkhan Faid - Member Imamverdiyev Yusif Rafig - Member Mansurov Sadig Nasib- Member Audit Committee Khalilov Namig Calil -Chairman Hacibutayev Telman Alipashayevich - Member Mehdiyev Habil Mukhtar - İndependent Member Chief Internal Auditor Akbarova Lamia Akbar Chief Accountant Gasimov Elman Ahmad Actuary - “Silkway Insurance” OJSC
Type of business entity Open Joint Stock Company Registration date 06.09.1995 TIN 9900002671 License issue date 06.07.2011 Changes to license Address Baku, Nasimi district, Ak. Hasan Aliyev st, 4/186 Contact Details Tel: (+994 12) 598-39-50, (+994 12) 598-38-50; (+994 12) 598-31-92; Faks: (+994 12) 598-38-02;
Board of Directors e-mail: contact@iys.az Executive Board www.iys.az Inspection Commission Nasirov Zaur İbrahim - Chairman
Jafarova Saida Mubariz - Independent Member
Nasibli Laman Elshad - MemberChief Internal Auditor Taghiyeva Aysel Ilham Chief Accountant Guliyeva Rana Alyaddin Actuary Karimli Afsana Arastun - "Azerbaijan Industry Insurance" OJSC
Type of business entity Open Joint Stock Company Registration date 17.12.1996 TIN 9900011151 License issue date 02.04.2012 Changes to license Address Current adress: Baku, Sabail district, Hasan Seyidbayli st., 122, "Gümüş Plaza" Contact details Tel: +994124041303 Fax: +994124041304 E-mail: info@aiic.az www.aiic.az Board of Directors Shahverdiyev Rafiq Vali-Chairman Mikayilov Sarvan Umudvar - Member Hepchorman Ilker Nusrət - Member Executive Board Afandiyev Orkhan Ogtay - Chairman Jabrayilova Afag Nazim - Member Hamzayev Elgiz Chingiz-Member Audit Committee Rahimov Galib Zakir - Chairman Humbatov Anar İman- Member Gozalova Kamalə Adil - Independent Member Chief Internal Auditor Javadzade Ramin Aliagha Chief Accountant Bayramov Eltun Zahid Actuary Guliyeva Aysel Zahir - "AzInsurance" OJSC
Type of business entity Open Joint Stock Company Registration date 11.10.2006 TIN 1301158021 License issue date 16.11.2011 Changes to license Address Baku, AZ 1073, I. Gutgashinli 99/1 Current adress: Baku, Sabail district, M. Useynov avenue, 63 Contact details Tel: (+99412) 565 66 66, (+99412) 505 66 66, (+99412) 497 34 30, (+99412) 497 34 33 Fax: (+99412) 497 89 59 info@azinsurance.az Board of Directors Viladi Maniyev Mazahir- Chairman Mamedov Abid Mamed - Independent Member Gurbanov Elnur Mammad-Member Executive Board Soltanov Yusif Rahim - Chairman Shakaraliyev Goshgar Arif- Deputy Chairman Farzaliyev Elbrus Habib- Deputy Chaiman Audit Committee Mushfiq Shabiyev Valeh -Chairman
Huseynov Ruslan Zahid-Member
Aghazade Samir Seyidahmad-MemberChief Internal Auditor Bayramova Aygun Miri Chief Accountant Garayev Farid Mubariz Actuary Aghayeva Mirvari Hasanagha - "Baku Insurance" OJSC
Type of business entity Open Joint Stock Company Registration date 08.02.1994 TIN 1700290681 License issue date 04.09.2009 Changes to license Address Baku, Azadlig avenue 120 Contact details Tel: +994125988181, +994502552911 Fax: +994125988182 E-mail: office@bakisigorta.az www.bakisigorta.az Board of Directors Guliyev Elchin Saday - Chairman Ismayilov Tariyel Ismayil-Member Abasov Elmar Aydın - Independent Member Executive Board Mammadov Ramin Hajiagha - Chairman Aliyev Ilgar Miryusif - Member Sheydabeyov Ogtay Pirmurad Inspection Commission Hasanov Eldaniz Akbar - Chairman Mammadova Vafa Avaz - Member Yusifova Natavan Avaz - Member Chief Internal Auditor Miriyeva Gunel Altay Chief Accountant Taghiyev Rashad Aflatun Actuary Jalilova Nargiz Ramzi - "Mega Insurance" OJSC
Type of business entity Open Joint Stock Company Registration date 28.09.1998 TIN 1400143091 License issue date 14.03.2012 Changes to license Address Baku, AZ 1052, Ahmad Rajabli st. 19 A Contact details Tel: +994125653232, +994502758682 Fax: +994125654505 E-mail: office@meqasigorta.az www.meqasigorta.az Board of Directors Gurbanov Yashar Feyzi - Chairman Nuriyev Jeyhun Seyran - Independent Member Rzayev Gunduz Samad-Member Executive Board Ibrahimli Ugur Azad - Chairman Garayev Hamlet Khosrov -Member Mamishov Hokmudar Galandar -Deputy Chairman Mirzayev Samid Salman-Member Babayev Murad Shaig-Member Inspection Commission Sharifov Vugar Shirin-Chairman Alakbarov Ziya Rahim-Independent Member Sadixli Gunel Faxraddin- Member Chief Internal Auditor Mahmudova Elmira İlham Chief Accountant Abutalibov Orkhan Meyrac Actuary Sadayev Tural Hayan - "Gala Insurance" OJSC
Type of business entity Open Joint Stock Company Registration date 15.01.1999 TIN 1700066901 License issue date 16.12.2015 Changes to license Address Baku, Yasamal district, Azerbaijan avenue, 14/ 221 Contact details Tel: +994123771010 E-mail: office@qala-insurance.az www.qala-insurance.az/ Board of Directors Ibrahimov Kamal Mirsahib - Chairman Rahmanov Aydin Samad - Deputy Chairman Bayramli Aynur Aziz - Member Gulmammadov Elkhan Zakir-İndependent Member Executive Board Allahverdiyev Fuad Kamran - Chairman Yunsurov Taleh Zakulla- Deputy Chairman Chandirli Rafail Ziyaddin - Member Inspection Commission Hummatov Polad Akif - Chairman Mammadli Gunduz Zakir - Deputy Chairman Chief Internal Auditor Babayev Yasin Sultan Chief Accountant Agayev Rashad Fazil Actuary Ahmad-zada Ulkar Agil - "Xalg Sigorta" OJSC
Type of business entity Open Joint Stock Company Registration date 26.01.2005 TIN 2000358551 License issue date 29.04.2010 Changes to license Address Baku, AZ 1065, Inshaatchilar avenue. 22 L Contact details Tel: +994125980066, +994124044300/01/02/03/04/05/06 Fax: +994124044308/09 E-mail: mail@xalqsigorta.az www.xalqsigorta.az Board of Directors Mammadli Asim Mahmud - Chairman Seyidov Ruslan Asad - Independent Member Executive Board Valiyev Roman Alpasha - Chairman Narminanli Matanat Alim - Deputy Chairman Aghamirli Elmin Nazim- Deputy Chairman Audit Committee Rzayev Jamal Ehtibar-Chairman Islamova Farah Fazil-Independent Member Asgarova Roya Ogtay-Member Chief Internal Auditor Safarov Roman Mohubbat Chief Accountant Yagubov Dayanat Yusif Actuary Gadirgizi Aysel Gadir - “Pasha Insurance” OJSC
Type of business entity Open Joint Stock Company Registration date 15.03.2006 TIN 1400837161 License issue date 01.07.2011 Changes to license term license of 04.07.2006 was altered to unlimited license of 01.07.2011. Address Baku, Sabail district, M.Useynov avenue, 61, "Sahil Plaza, AZ1000 Contact details Tel: +994125051222 Fax: +994125981807 E-mail: office@pasha-insurance.az Board of Directors Allahverdiyev Rovshan Shamil-Chairman Mammadbayli Jeyhun Mobil - Independent Member Novruzova Samaya Ismat - Member Hasanov Ogtay Arif - Member Gasimov Jalal Alakbar - Member Mammadov Shahin Chingiz - Member Huseynov Asaf Akif-Member Executive Board Jabbarova Ulviyyə Karim - Chairman Aliyev Tural Gurban - Deputy Chairman Azizov Fariz Nazim - Member Omarova Aygun Rustam - Member Mirhasanova Inara Vagif - Member Audit Committee İbrahimov Emil Akhmad-Chairman Rustamov Muslum Arif- Independent Member Isgandarova Narmin Bahram - Member Chief Internal Auditor Chief Accountant Hasanova Anbar Adil Actuary Abbasova Elnara Adilovna - “Ateshgah Life” OJSC
Type of business entity Open Joint Stock Company Registration date 12.03.1998 TIN 1500327241 License issue date 12.02.2009 Changes to license Address Baku, Nasibbay Yusifbayli avenue, 75 B, AZ1007 Contact details Tel: (+994 12) 940; (+994 12) 497 81 82 office@ateshgah-life.com www.ateshgah-life.com Board of Directors Huseynov Intiqam Tamraz - Chairman Ahmadov Elchin Rasid-Member Executive Board Aliyev Azar Amiraslan - Chairman Shirinli Orkhan Rasim - Member Baxshaliyev Xaqani Firdusi - Member Hasanova Shafag Ogtay-Member Audit Committee Huseynov Intiqam Tamraz - Chairman Macidov Orkhan Eldar- Member Badalova Reyhan Shahnezer-İndependent Member Chief Internal Auditor Aliyev Mehman Mail Chief Accountant Gasimov Mübariz Omarpasha Actuary Farzaliyeva (Aliyeva) Narmin Aldaniz - “Qala Life” OJSC
Type of business entity Open Joint Stock Company Registration date 07.07.2008 TIN 2001269471 License issue date 29.07.2013 Changes to license Address AZ1122 Baku, Tbilisi avenue, 42A 1058, Current adress: Baku, İzmir avenue., 5A Contact details Tel/Fax: +994124047774, +994121540 Fax: +994124414000 E-mail: office@qala.az www.qala.az Board of Directors Ibrahimov Kamal Mirsahib - Chairman Rahmanov Aydın Samad - Deputy Chairman Bayramlı Aynur Aziz - Member Executive Board Talibov Anar Talib - Chairman Hasanov Natig Hidayat - Deputy Chairman Savelyeva Tatyana Mixaylovna - Member Inspection Commission Hummatov Polad Akif - Chairman Mammadli Gunduz Zakir Chief Internal Auditor Seyfulla İntigam Mirzahuseyn Chief Accountant Hasanaliyev Tural Eldar Actuary Valiyev Nasir Asif - “Pasha Life Insurance” OJSC
Type of business entity Open Joint Stock Company Registration date 24.11.2010 TIN 1401876531 License issue date 11.12.2015 Changes to license Address Baku, Sabail district, M.Useynov avenue, 61, "Sahil Plaza, Contact details Tel: +99412 567 32 36 +99450/55 282 13 32 E-mail: office@pasha-life.az www.pasha-life.az Board of Directors Allahverdiyev Rovshan Shamil-Chairman Huseynov Ali Abdulhuseyn - Independent Member Gasimov Jalal Alakbar - Member Mammadov Shahin Chingiz - Member Novruzova Samaye Ismat - Member Hasanov Ogtay Arif - Member Rzayev Nofal Gahraman - Member Executive Board Ismayilov Niyaz Rovshan - Chairman Ibrahimov Ibrahim Huseyngulu - First Deputy Chairman Mammadov Rustam Vaqif - Member Babayeva Dilara Ali - Member Abdullayev Farid Mahir - Member Audit Committee İbrahimov Emil Akhmad-Chairman Hagverdiyev Gunduz Ilqar - Independent Member Isgandarova Narmin Bahram - Member Chief Internal Auditor Mammadrzayev Elmar Ehtibar-Temporary Chief Accountant İslam Togrul Mustafakamal Actuary Muradli Murad Zakir - "Xalg Hayat" OJSC
Type of business entity Open Joint Stock Company Registration date 23.11.2018 TIN 1305790041 License issue date 14.03.2024 Changes to license Address Baku, Nizami district, Keshla settlement, H.Aliyev avenue, 164 Contact details Tel: +994125980066, +9944044300 office@xalqhayat.az Board of Directors Baghirli Khazar Arif - Chairman Ibrahimov Ramiz Hagverdi - Member Valiyeva Sevinj Huseyn-İndependent Member Executive Board Aliyev Ismayil Eldarovich - Temporary Chairman Guliyeva Aynura Toghrul - Member Inspection Commission Macidov Orkhan Eldar-Temporary Member Chief Internal Auditor Abbasov Toghrul Vakil Chief Accountant Guliyeva Aynura Toghrul Actuary Abbaszade Pikakhanim Natiq - "Aqrar Insurance" OJSC
Type of business entity Open Joint Stock Company Registration date 31.08.2020 TIN 2006337891 License issue date 06.10.2020 Changes to license Address Baku, Xatai district, Nobel avenue, 175 Contact details Tel: 012 565 41 34
office@agro-insurance.az Board of Directors Zeynalov İlkin İlgar-Chairman
Safarov Parviz Mirrasim-İndependent Member
Nasirli Anar Cavanshir-Member
Sadıgov Fuad Hashim-Member
Hidayatov Farid Alihuseyn-MemberExecutive Board Abbasova Elnara Elkhan-Chairman Sultanli Nargiz Hidayat-Member Inspection Commission Hasanov Eldaniz Akbar - Chairman Mammadli Gunduz Zakir - Member Ismayilov Sharif Rafik - Member Chief Internal Auditor Chief Accountant Zakiyev Rahim Hamid Actuary - "Mega Life" OJSC
Type of business entity Open Joint Stock Company Registration date 17.09.2019 TIN 1504764661 License issue date 19.02.2021 Changes to license Address Baku, Narimanov district, A. Rajabli, 19 Contact details Tel: 012 525 08 80
office@megalife.az https://megalife.az/ Board of Directors Gurbanov Yashar Feyzi - Chairman
Abdullayev Elnur Elman-İndependent MemberRzayev Gunduz Samad-Member Executive Board Aghamaliyev Emil İsbendiyar - Chairman Nazarov Camil Mahammad-Deputy Chairman Inspection Commission Sharifov Vugar Shirin-Chairman Eyvazov Fuad Etimad -İndependent Member Akbarov Elnur Nuhbala-Temporary Member Chief Internal Auditor Gurbanov Azer Gurban Chief Accountant Mammadkhanov Tural Ahmadkhan Actuary Ahmadova Kamala Ahmad - “AzRe Reinsurance” OJSC
Contact details Tel: +994124045051/53 Fax: +994124045053 E-mail: office@azre.az www.azre.az Board of Directors Alizade Tokay Tahir - Chairman Safarov Valihad Mammadagha - Member Salamov Asim Ramiz-İndependent Member Executive Board Abbasov Vüsal Ramiz oğlu-sədr
Əfəndiyeva Lalə Əli Heydərovna-üzv
Samsonov İvan Vladimiroviç-üzv
Qasımov Tural Nazim oğlu-üzv
Mikayılov Sarxan Umudvar oğlu-üzvAudit Committee Chief Internal Auditor Yusifov Yusif Mubariz Chief Accountant Afandiyeva Lala Ali Heydarovna Actuary Ahmadova Tamella Rafail
