Azerbaijan sets new minimum capital requirements for insurers

Azerbaijan sets new minimum capital requirements for insurers
# 20 August 2008 13:05 (UTC +04:00)
Under the decision, the minimum capital requirement is to be increased to AZN 5 million from AZN 800 000 for insurance companies and to AZN 10 million from AZN 1.6 million for reinsurance companies by 2012.
New capital requirements are effective August 1, 2008.

Capital requirement coms effective on

For insurance companies

For reinsurance companies

January 1, 2009

AZN 1 million

AZN 2 million

January 1, 2010

AZN 2 million

AZN 4 million

January 1, 2011

AZN 3.5 million

AZN 7 million

January 1, 2012

AZN 5 million

AZN 10 million

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