Ateshgah Insurance

What Ateshgah Insurance does

Ateshgah Insurance (Atəşgah Sığorta Şirkəti ASC) is one of the established insurance carriers in the Azerbaijani market, operating for over 30 years since its founding around 1995. It offers a comprehensive product portfolio spanning both compulsory and voluntary lines: compulsory real property insurance (DƏİS), compulsory third-party motor liability (AVSMMİS), voluntary motor liability and damage add-ons (Avto+ and Avto Extra), travel insurance, the voluntary Yüz Yaša medical product with embedded telemedicine, and corporate lines covering cargo, contractor equipment, and construction-installation risks. Sub-brands — Yüz Yaša, Avto+, and Avto Extra — target distinct consumer needs such as health, auto liability extension, and not-at-fault collision coverage.

The company distributes through a hybrid physical-digital model. It runs a network of 22 service locations across Azerbaijan, anchored by the Baku headquarters at N. Yusifbəyli Street 75B and extending through four branches (Sumqayit, Sheki, Ganja, Nakhchivan, Masalli), twelve regional representations (Barda, Khachmaz, Zagatala, Bilasuvar, Lankaran, Fuzuli, Shamkir, Ordubad, Mingechevir, Ismailli, Imishli), and two sales points (Zangilan). It complements this with digital self-service channels — the polis.ateshgah.com purchase portal, a client portal, and iOS/Android mobile applications — plus a 24/7 hotline at 940. Core technology is policy-administration and customer-service tooling rather than proprietary underwriting or risk-modeling IP, although the company notes use of AI tools for internal knowledge management.

Ateshgah serves both individual retail customers (fiziki šəxslər) and corporate/SME clients (hüquqi šəxslər). Pricing is quoted in Azerbaijani Manat across subscription/recurring and one-time payment cadences — for example, the Yüz Yaša base package is 120 AZN annually for 1,500 AZN of coverage, the Gold Period (ages 51–60) is 168 AZN, and Avto Extra is 19 AZN for an additional 5,000 AZN of coverage. Historically founded with SOCAR (State Oil Company of Azerbaijan Republic) as a founding shareholder, the company initially served energy-sector accounts including BP's ACG project and LUKOIL, before diversifying into retail and SME distribution. It now holds International Professional Partner Firm (IPPF) status from the UK's Chartered Insurance Institute, with a CII examination center operating in Azerbaijan since 2003 and a cooperation agreement with Referans Medical Group signed in June 2026 to develop new medical insurance products.

Name

Ateshgah Insurance

Legal name

Atəşgah Sığorta Şirkəti ASC

Website

https://ateshgah.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ateshgah Insurance is one of Azerbaijan's established insurance carriers, offering compulsory and voluntary property, motor, travel, medical, and commercial insurance to retail consumers and SMEs through a 22-branch national network and digital self-service platforms.

Ownership category

akta.pro rank

Headquarters

HQ city

Baku

HQ country

Azerbaijan

HQ region

Asia

Offices22 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premiums: Core revenue from insurance premiums across multiple product lines including property, motor (KASKO, compulsory auto liability), travel, medical, cargo, construction, liability, and other insurance types. Premiums are collected on subscription/one-time basis depending on product type.
2. Digital Channel Sales: Revenue generated through online sales channels including the polis.ateshgah.com portal and mobile application, which allow customers to purchase and manage policies digitally.
3. Corporate & SME Insurance: Revenue from corporate clients and SMEs through tailored business insurance products including construction, cargo, equipment, liability, and business interruption insurance.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Ateshgah Insurance underwrites and distributes a broad portfolio of general insurance products in Azerbaijan, spanning compulsory and voluntary personal lines (property, motor third-party liability, travel, medical with telemedicine) and commercial lines (cargo, contractor's equipment, construction and installation risks) for both individual and corporate customers. Customers can purchase policies online via polis.ateshgah.com, via iOS/Android mobile apps, or through the 940 hotline and a 22-location branch and representative office network across Azerbaijan.

Product overview

Ateshgah Insurance offers a comprehensive portfolio of insurance products across property, vehicle, travel, and medical insurance categories. The product lineup includes: for individuals - compulsory real property insurance (DƏİS), civil liability insurance (Arxayın Qonşu), compulsory third-party vehicle liability (AVSMMİS), voluntary vehicle add-ons (Avto+ and Avto Extra), travel insurance, and voluntary medical insurance (Yüz Yaşa); for businesses - cargo insurance, equipment insurance, and construction-assembly risks insurance. The company operates an online platform (polis.ateshgah.com) for purchasing and managing policies, and provides mobile applications for iOS and Android.

Differentiator

Problem solved

Functional benefit

Brands

• Yüz Yaşa: Voluntary medical insurance package for individuals aged 7-60, offering telemedicine, emergency hospitalization, and check-up services.
• Avto+
• Avto extra

Products and services

• Daşınmaz əmlakın icbari sığortası (DƏİS) - Compulsory Real Property Insurance Compulsory real property insurance covering immovable property in Azerbaijan, with statutory coverage amounts that vary by city (15,000, 20,000, or 25,000 AZN). Targeted at property owners required to maintain statutory cover.
• Arxayın Qonşu - Civil Liability Insurance to Third Parties Civil liability insurance covering damages the policyholder may cause to neighbors' property, providing third-party protection for property owners and residents.
• AVSMMİS - Compulsory Third-Party Vehicle Liability Insurance Statutory compulsory motor third-party liability insurance for vehicle owners in Azerbaijan, covering damages to third parties up to 5,000 AZN for property damage and up to 50,000 AZN for bodily injury per vehicle.
• Avto+ - Voluntary Supplementary Vehicle Liability Voluntary motor liability supplement that extends statutory AVSMMİS coverage from 5,000 AZN to 10,000 AZN total, covering third-party property damages above the mandatory limit.
• Avto Extra - Voluntary Vehicle Damage Cover Voluntary motor insurance providing an additional 5,000 AZN of cover for vehicle damage in road traffic accidents where the policyholder is not at fault, priced at 19 AZN and requiring AVSMMİS to be active.
• Səfər Sığortası - Travel Insurance Travel insurance covering medical emergencies, repatriation, travel delays, baggage loss, passport loss, and trip cancellation for international travelers, with usage-based premiums that vary by destination, trip duration, travel purpose, selected package, coverage scope, and insured age.
• Yüz Yaşa - Voluntary Medical Insurance Voluntary medical insurance for individuals aged 7-60 providing emergency hospitalization, consultations, telemedicine via audio and video, medication delivery, and optional check-up services at partner clinics, with age-tiered annual premiums and add-on check-up packages.
• Yük Sığortası - Cargo Insurance Cargo insurance covering goods transported by vehicles, protecting cargo owners against losses and damage during transit. Targeted at businesses shipping goods domestically or internationally.
• Avadanlıq Sığortası - Contractor's Equipment Insurance Insurance covering contractor's machinery and equipment against damages, targeted at construction and engineering businesses operating plant and equipment on project sites.
• Tikinti-Quraşdırma Risklərinin Sığortası - Construction and Installation Risks Insurance Construction and installation risks insurance covering damages during building and installation projects. Targeted at construction companies, developers, and contractors undertaking building and installation works.

Quantifiable outcome

• Total payments of 40,226,017 AZN made to policyholders in 2025
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Azerbaijan National Paralympic CommitteeminorGTM or Marketing Partner · 25 June 2026Azerbaijan National Paralympic Committee partnership aims to raise awareness about insurance services for persons with physical disabilities, promote inclusion, and strengthen social integration. A badminton friendship match between Ateshgah staff and Azerbaijan national parabadminton team members was organized on June 25, 2026. Ateshgah plans to continue awareness and social initiatives under this partnership.
• Chartered Insurance Institute (CII)coreStrategic or Co-development Partner · 24 June 2026Ateshgah Insurance holds the International Professional Partner Firm (IPPF) status from CII, the prestigious London-based insurance professional body established by Royal Charter in 1912 with 120,000+ global members. This partnership supports Ateshgah's staff professional development through CII certification and training programs. CII exam center was established in Azerbaijan in 2003. The partnership has been ongoing for over 20 years since the early 2000s. The 2024 renewal event was attended by senior leadership of both organizations.
• Referans Medical GroupcoreStrategic or Co-development Partner · 11 June 2026Ateshgah Insurance and Referans Medical Group signed a cooperation memorandum on June 11, 2026. The partnership aims to deliver new medical insurance products to individual customers and families, ensuring comfortable and reliable access to medical services. Signed by Elchin Ahmadimov (Chairman of Ateshgah Insurance Management Board) and Elgiz Dadashov (Director of Referans Medical Group).
• BP (Azerbaijan)minorChannel Partner/ Reseller/ DistributorBP was a key enterprise customer for Ateshgah Insurance — the company managed insurance relations for the ACG (Azeri-Chirag-Guneshli) oil field project, where BP operates as the project operator. This represents a major corporate account relationship.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• AXA: Global multi-line insurance leader. Already present in Azerbaijan via AXA MBASK; provides a benchmark for product innovation, claims automation, and digital customer experience that Ateshgah must match.
• Allianz: Global multi-line insurance incumbent whose broader portfolio (P&C, health, life) overlaps with Ateshgah's product mix. Comparable as a benchmark for scale, product breadth, and digital capabilities, though not directly competing in Azerbaijan.

Direct peers

• AXA MBASK: Azerbaijan-licensed multi-line insurer operating under the AXA brand. Competes directly with Ateshgah in motor, property, and corporate insurance, with the added backing of a global brand.
• Azərbaycan Respublikasının Dövlət Sığorta Şirkəti (AzSığorta): State-affiliated Azerbaijani insurer offering a broad P&C and life portfolio. Directly competes for compulsory lines and large enterprise accounts, including state-owned entities and SOCAR-adjacent business.
• Buta Sığorta: Azerbaijani insurer with a multi-line P&C portfolio. Competes for regional and SME accounts, particularly outside Baku.
• PAŞA Sığorta: Largest private insurer in Azerbaijan offering a similar multi-line P&C and health product portfolio. Direct head-to-head competitor across compulsory, voluntary, corporate, and retail segments, with comparable digital distribution.
• Mega Sığorta: Azerbaijan-licensed multi-line insurer covering motor, property, and health. Competes with Ateshgah across the same retail and corporate customer base.
• AtaSığorta: Mid-sized Azerbaijani insurer with a comparable multi-line product set (property, motor, health, travel). Competes for SME and retail accounts in the same regional geographies.
• Qala Sığorta: Azerbaijan-based insurer offering property, motor, and corporate coverage. Direct competitor in retail and SME segments with similar digital and branch distribution.

Regional players

• GPI Holding (Georgia): Georgian multi-line insurer with comparable P&C, health, and travel insurance portfolio. Relevant regional peer for cross-border travel-insurance demand between Azerbaijan and Georgia, which is now regulated (30,000 GEL minimum) — a product Ateshgah actively sells.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ateshgahinsurancegroup
• LinkedInlinkedin.com/company/ateshgah-insurance-group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ateshgah Insurance