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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 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 Garibli Elkhan Ahmad - Independent Member Gambarov Rustam Bahadir – Member Executive Board Atakishiyev Mammad Natig-Chairman Mammadova Natavan Niyaz - Deputy Chairman Imamguliyeva Natavan Sohbat - Member Jahangirov Rufat Nazim - Member Bayramova Matanat Maharram - Member Audit Committee Qambarov Rustam Bahadir - Chairman Mirzayeva Laman Habib - Independent Member Sultanova Yuliya Anatolyevna-Member Chief Internal Auditor Samandari Sadi Sabir Chief Accountant Bayramov Eltun Zahid Actuary Valiyev Sanan Novruz - "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 Azer Allahverdi - Chairman
Mustafayeva Ayla Elman-Member
Rahimov Murad Arif - Independent Member
Executive Board Akhmedov Elchin Rashid - Chairman Imamverdiyev Yusif Rafig - Member
Imamverdiyeva Khumar Emil - Member
Audit Committee Aliyev Azer Allahverdi - Chairman
Mehdiyev Habil Mukhtar - İndependent Member
Mustafayeva Ayla Elman - Member
Chief Internal Auditor Babayev Kamran Hajigulu Chief Accountant Gasimov Elman Ahmad Actuary Karimli Afsana Arastun - “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, Khazar district, Heydar Aliyev avenue 573, "Aviation Services Group" building, 4th floor Tel: (+994 12) 598-39-50, (+994 12) 598-38-50; (+994 12) 598-31-92; Faks: (+994 12) 598-38-02;
e-mail: contact@iys.az
www.iys.az
Board of Directors Mammadov Teymur Namik - Chairman
Taghiyev Tahir Taghi - Independent Member
Khalilzada Kamala Sabir - Member
Executive Board Imanov Niyazi Javanshir - Chairman
Kazimov Farid Oktay - Member-Deputy Chairman
Guliyeva-Imranova Rana Alyaddin - Member
Audit Committee Nasibli Laman Elshad-Member
Khalilzada Kamala Sabir - Chairman
Cafarova Saida Mubariz- Independent Member
Chief Internal Auditor Taghiyeva Aysel Ilham Chief Accountant Guliyeva-Imranova Rana Alyaddin Actuary Jalilova Nargiz Ramzi - "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 Ahmadov Rashad Bayram-Chairman-Independent Member Mikayilov Sarvan Umudvar - Member Ayvazov Vyacheslav Islamovich - Member Executive Board Mirzayev İlkin Shahin - Chairman Jabrayilova Afag Nazim - Member Hamzayev Elgiz Chingiz-Member Audit Committee Ahmadov Rashad Bayram - Chairman-Independent Member Mikayilov Sarvan Umudvar - Member Ayvazov Vyacheslav Islamovich - Member Chief Internal Auditor Javadzade Ramin Aliagha Chief Accountant Humbatov Anar Iman Actuary Mammadova Gunay Mahir - "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 Maniyev Viladi Mazahir-Chairman- İndependent Member Gurbanov Elnur Mammad-Member
Rustamov Igbal Nabi-Independent member
Executive Board Soltanov Yusif Rahim - Chairman Shakaraliyev Goshgar Arif- Deputy Chairman Farzaliyev Elbrus Habib- Deputy Chaiman
Garayev Farid Mubariz - Member
Zeynalov İlkin İlgar- Member
Audit Committee Gurbanov Elnur Mammad - Chairman
Maniyev Viladi Mazahir - Independent Member
Rustamov Igbal Nabi - Independent Member
Chief Internal Auditor Bayramova Aygun Miri Chief Accountant Taghiyeva Naila Vagif Actuary Aghayeva Mirvari Hasanagha - "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
Mammadov Ramin Haciagha - Independent Member
Hasanov Tapdig - Member
Executive Board Ibrahimli Ugur Azad - Chairman
Mamishov Hokmudar Galandar - Member-Deputy Chairman
Babayev Murad Shaig-Member
Audit Committee Hasanov Tapdig Seyran - Chairman Hasanova UlviyyaNatig-Independent Member Sadikhli 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 Hummatov Polad Akif -Member Executive Board Allahverdiyev Fuad Kamran - Chairman Yunsurov Taleh Zakulla- Deputy Chairman Chandirli Rafail Ziyaddin - Member Agayev Rashad Fazil-Member Aliyev Famil Akbar-Member Audit Committee Rahmanov Aydin Samad - Chairman Bayramli Aynur Aziz - Member 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 Rzayev Jamal Ehtibar-Member Hagverdiyeva Gunel Ogtay- Independent Member Executive Board Valiyev Roman Alpasha - Chairman Narimanli Matanat Alim - Deputy Chairman Aghamirli Elmin Nazim- Deputy Chairman Shabanov Altun Abbas-Member Abbaszade Eldar Rafail-Member Audit Committee Rzayev Jamal Ehtibar-Chairman Islamova Farah Fazil-Independent Member Asgarova Roya Ogtay-Member Chief Internal Auditor Safarov Roman Mohubbat Chief Accountant Hasanova Anbar Adil 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 Sadullayev Dayanat Bayrambey - Member Mammadov Shahin Chingiz - Member Huseynov Asaf Akif-Member Executive Board Ismayilov Niyaz Rovshan - Chairman Mammadov Rustam Vagif - Deputy Chairman Omarova Aygun Rustam - Member Mirhasanova Inara Vagif - Member Rasulov Nicat Mahir - Member Audit Committee Mammadov Shahin Chingiz - Chairman Rustamov Muslum Arif- Independent Member Isgandarova Narmin Bahram - Member Chief Internal Auditor Mammadrzayev Elmar Ehtibar Chief Accountant Mammadli Laman Ibrahim Actuary - “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 Khalilov Namig Calil - Chairman
Mansurov Sadig Nasib - Independent Member
Isgandarova Konul Elman - Member
Executive Board Aliyev Azar Amiraslan - Chairman Shirinli Orkhan Rasim - Member Hasanova Shafag Ogtay-Member Audit Committee Khalilov Namig Calil - Chairman Macidov Orkhan Eldar- Member Abdullayev Rustam Rashid - Independent 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 Legal and 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
Savelyeva Tatiana Mixaylovna - Member
Executive Board Talibov Anar Talib - Chairman Hasanov Natig Hidayat - Deputy Chairman Hasanaliyev Tural Eldar - Member Jalilov Amil Hasan - Member Audit Committee Hummatov Polad Akif - Chairman Rahmanov Aydın Samad - Member 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: 994 12 525 29 42 +99450/55 282 13 32 E-mail: office@pasha-life.az www.pasha-life.az Board of Directors Huseynov Asaf Akif-Chairman
Huseynov Ali Abdulhuseyn - Independent Member
Novruzova Samaye Ismat - Member
Hasanov Ogtay Arif - Member
Rzayev Nofal Gahraman - Member
Executive Board Jabbarova Ulviyyə Karim - Chairman Abdullayev Farid Mahir - Deputy Chairman Babayeva Dilara Ali - Member Isgandarov Elmin Fikrat - Member Audit Committee Hasanov Ogtay Arif - Chairman Hagverdiyev Gunduz Ilqar - Independent Member Isgandarova Narmin Bahram - Member Chief Internal Auditor Aliyev Samir Azer Chief Accountant Mammadov Jahangir Farrukh 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: 012 310 05 25
office@xalqhayat.az
Board of Directors Bagirli Khazar Arif-Chairman Pasha Gunay Tanriverdi-Member Gafarli Gunay Eynullah -Independent Member Executive Board Afandiyev Orkhan Ogtay - Chairman
Aliyev Ismayil Eldarovich - Deputy Chairman
Asadzade Elchin Nizami - Member
Audit Committee Pasha Gunay Tanriverdi-Chairman Rahimli Sevinj Sardar - Member İbrahimli Zulfugar Huseyn-İndependent Member Chief Internal Auditor Najafov Azer Yehya Chief Accountant Guliyeva Aynura Toghrul Actuary Guliyeva Aysel Zahir - "Agrarian Insurance Joint Insurance Company" OJSC
Type of business entity Open Joint Stock Company Registration date 31.08.2020 TIN 2006337891 License issue date 09.10.2025 Changes to license Previous license date: 06.10.2020 Address Baku, Xatai district, 8 Noyabr, 175 Contact details Tel: 012 565 41 34
office@agro-insurance.az Board of Directors 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 Ismayilov Ramin Salman-Member Audit Committee Fataliyev Ruslan Rizvan-Chairman Chief Internal Auditor Jafarov Khidir Shiraslan 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 31.10.2024 Changes to license Previous license date: 19.02.2021 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
Nazarov Jamil Mahammad - Member
Gadimguliyev Imam Eyyub - Independent MemberExecutive Board Aghamaliyev Emil İsbendiyar - Chairman Mammadkhanov Tural Ahmadkhan-Member Abdurahmanov Farid Elman-Member Audit Committee Nazarov Jamil Mahammad- Chairman Hajiyev Elmar Aftandil - Independent member Gurbanov Yashar Feyzi - Member Chief Internal Auditor Gurbanov Azer Gurban Chief Accountant Seyfullazada Huseyn Ilham Actuary Ahmadova Kamala Ahmad - “AzRe Reinsurance” OJSC
Type of business entity Open Joint Stock Company Registration date 10.10.2007 TIN 2001093601 License issue date 07.11.2012 Changes to license Address Baku, Khatai district, N.Rafiyev street 22. Current adress: Baku, A.Bakikhanov st., 6, Bridge Plaza, 8th floor, AZ1065 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
Executive Board Abbasov Vusal Ramiz-Chairman
Qasımov Tural Nazim - Member-Deputy Chairman
Afandiyeva Lala Ali Heydarovna - Member
Mikayılov Sarxan Umudvar - Member
Audit Committee Alizade Tokay Tahir - Chairman
Allahverdiyev Mammad Anvar-Independent Member
Chief Internal Auditor Yusifov Yusif Mubariz Chief Accountant Aliyev Orkhan Mir Ismayil Actuary Huseynli Malik Xagani
