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.

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 :
  • 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 ” in the insurance company financial strength category.

Present

People

Management:
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