BAKU, Azerbaijan, February 10. The number of
properties and apartments covered under Azerbaijan’s compulsory
insurance system is approaching 200,000, said Islam Ismayilov, head
of the Digital Solutions Development Department at the Union of
Legal Entities of the Compulsory Insurance Bureau (CIB), Trend reports.
Speaking at the presentation of the bureau’s strategic projects
for 2025, Ismayilov noted that there are 22,000 certificates issued
under Compulsory Real Estate Insurance and 192,355 certificates
under Compulsory Property Insurance. He added that the total number
of standard compulsory motor vehicle insurance certificates has
reached 1.61 million.
Ismayilov further noted that border insurance includes 45,275
certificates, while the “Green Card” insurance accounts for 6,547
certificates. Certificates for compulsory individual accident
insurance for passengers have reached 200.
Meanwhile, compulsory insurance in Azerbaijan includes mandatory
motor third-party liability (MTPL), property insurance against
hazards, and employer-provided occupational accident coverage. Key
types ensure coverage for damages to third parties, health
emergencies, and structural property damage (especially from fire).
The system is managed by the Compulsory Insurance Bureau (CIB) and
covers all vehicle owners and specific property types.
