life insurance

International Insurance Company 

International Insurance Company is an insurance company based in Baku, Azerbaijan. In the Azerbaijani language, it is called Beynəlxalq Sığorta Şirkətinin. The company was founded by the International Bank of Azerbaijan.

 

In the fall of 2013, the company received the “Best Insurance Company in 2013″ award from International Finance Magazine. ICC was the only insurance industry company in Azerbaijan to receive the award.

International Insurance Company Limited Liability
Native name
Beynəlxalq Sığorta Şirkətinin
Industry Financial services and insurance
Founded 2002
Headquarters BakuAzerbaijan
Key people
Sultanov Jamil – Chairman of the Board of Directors
Jalil Nihad – Head of the Executive Office
Products Accident insurance
Air transport insurance
Car insurance
Cargo insurance
Construction insurance
Liability insurance
Machinery insurance
Marine insurance
Property insuranceTravel insurance
Revenue 17.18 million AZN
Net income
574.7 AZN
Parent International Bank of Azerbaijan

International Insurance Company (Azerbaijani: Beynəlxalq Sığorta Şirkətinin) (“ICC”) is an insurance company based in Baku, Azerbaijan. In the Azerbaijani language, it is called Beynəlxalq Sığorta Şirkətinin. The company was founded by the International Bank of Azerbaijan.

In the fall of 2013, the company received the “Best Insurance Company in 2013″ award from International Finance Magazine. ICC was the only insurance industry company in Azerbaijan to receive the award.

Contents

 

  • 1Company Overview
    • 1.1Products
    • 1.2Market
    • 1.3Financial Performance
  • 2Present
    • 2.1People
    • 2.2Location
    • 2.3Affiliations
  • 3Past
    • 3.1History
  • 4See also
  • 5External links
  • 6References

Company Overview

Products

The company provides 34 types of insurance products.

Individual insurance services:

  • Accident
  • Car
  • Property
  • Travel

Business insurance services:

  • Accident
  • Air transport
  • Cargo
  • Construction
  • Liability
  • Machinery
  • Marine
  • Property
  • Vehicle

Market

  • As of February 2013, the company ranked sixth in Azerbaijan in volume of claims paid.
  • Approximately 65% of the company’s business is related to health insurance.

Financial Performance

Financials (2012)

  • Aggregate capital: 8.87 million
  • Aggregate liabilities: 13.33 million
  • Assets: AZN 22.2 million
  • Expenses: 16.44 million
  • Net profit: 574.7
  • Revenue: 17.18 million
  • Utilized authorized capital: 8.8 million

As of July 2012, the company’s overall capital amounted to AZN 5.5 million

In 2009, the company was rated by Moody’s Investors Service and scored a “B2 (outlook: stable)” in the insurance company financial strength category.

Present

People

Management:

  • Sultanov Jamil – Chairman of the Board of Directors
  • Jalil Nihad – Head of the Executive Office

Location

ICC’s headquarters is located at J. Jabbarly str., 40C, Baku, Azerbaijan 1065

Affiliations

In July 2013, the company became a member of the Association of Risk Professionals of Azerbaijan.

Past

History

  • The company was founded in 2002
  • One of the company’s first medical insurance contracts was with the Central Clinical Hospital in Azerbaijan in 2003. ICC had offered four different coverage levels.

See also

  • Azerbaijan
  • Insurance
  • International Bank of Azerbaijan

External links

  • ICC (Azerbaijani) site
  • ICC (English) site
  • ICC (Russian) site
Tags

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