Management

 

Mir Jamal Pashayev, Managing Director of Pasha Holding,
Executive Member of the Board of Directors, Pasha Insurance

Mir Jamal Pashayev graduated from the Faculty of Physics at Moscow State University named after Lomonosov, and then received Master's degrees in engineering from University of California and Business School of the American University in Washington D.C. In 1999-2000 he worked as a consultant at the National Bank of Azerbaijan. From 2000 till 2005 he had worked at the European Bank for Reconstruction and Development, where he started as a financial analyst and was soon promoted to a role of a banker on infrastructure projects. Since 2005 he was engaged in consulting activities for large-scale investment projects in the fields of infrastructure, telecommunications and financial services. From March 2006 till November 2007 Mr. Jamal Pashayev held the position of Managing Director at Pasha Insurance. Starting from December 2007 he has been a Managing Director of Pasha Holding and executive member of the Board of Directors, Pasha Insurance.

M. Pashayev: "In a competitive business environment, factors of professionalism in business processes and qualities of the management team are instrumental for the success of a business, and for a professional insurance agency these factors are crucial. In this sense it is worthwhile to note that all business processes in Pasha Insurance are built on the basis of the best Western insurance practices with the inherent consideration of specifics of the national market. In addition, business processes develop in accordance with international management standards”.

Nofal Rzayev, Chairman of the Management Board & CEO

Nofal Rzayev graduated from the Faculty of Economics at Moscow State University named after Lomonosov, and then attained his Master’s at the Management School of the University of Texas. He worked in the U.S. in the field of international trade consulting, and then at the American Trade Mission in Baku. From 1997 till 2001 Nofal had held senior operational and representative positions for Azerbaijan and Georgia in Coca-Cola International’s Regional Office for Eurasia. Since 2002 he worked as a Marketing & Development Director at distributor company of Dell for Caucasus. Since 2004 Nofal had been engaged in business management and corporate development consultancy with EBRD and USAID’s projects, and he had been involved as an advisor for the realization of EBRD’s investment in the insurance sector in Azerbaijan. In March 2006 he joined Pasha Insurance as Chief Operating Officer. In December 2007 Nofal Rzayev assumed CEO role and in February 2009 was confirmed as a Chairman of the Management Board of the company.

N. Rzayev: “In the process of building the company, focus on satisfaction of corporate and individual clients was taken as the basis of corporate ideology of Pasha Insurance. This is achieved thanks to high-level professionalism of both operational business processes and their performers. As far as the management team is concerned, I can state that every director of a functional sector in Pasha Insurance has experience in organizing and running operations in renowned international and national business structures. All of these indications are a serious backlog for achieving the required level of quality of insurance products and achieving high-level professionalism in the services of Pasha Insurance”.

Fuad Najafli, Deputy Chairman of the Management Board & COO

Fuad Najafli studied at the Middle East Technical University (ODTU) in Ankara, and then received a diploma in international law and affairs at Baku State University. He began his career in insurance at the International Insurance Company of Azerbaijan, where he started as an underwriting specialist and grew up to a claims manager role. In 2004-2006 he had worked as a deputy general director of Star Alliance Insurance Company. His career in Pasha Insurance started in April 2006 with the position of Underwriting Supervisor and beginning from September 2006 he led the Underwriting Department of the company. Deputy Chairman of the Management Board & COO since February 2009.

F. Najafli: “Pasha Insurance managed to realize a model of the universal insurance house, which offers corporate and individual clients insurance products and services of Western standards adapted to national requirements. Models of underwriting, reinsurance and claims management in the company are built on the best procedure examples time-tested in countries of the region. The abovementioned is reinforced by highly professional performance of procedures at all levels of the operational processes”.

Gulzar Aliyeva, Deputy Chairman of the Management Board & CFAO

Gulzar Aliyeva has 20 years of work experience in the financial segment of insurance market. After graduating from economic university, Gulzar started her career in financial department of Azerbaijan State Insurance Company, where from 1984 till 1994 she had grown from an accountant to a Chief Accountant of the State Insurance Company Baku branch. Starting from 1994 till 2000 she worked as a Chief Accountant and then as a Financial Director of Azerbaijan-Turkish Insurance Company Bashak-Inam. From 2000 till 2008 held the position of a Finance & Administrative Director with the AON Baku. In July 2008 Gulzar was appointed Finance Director of Pasha Insurance and starting from February 2009 - Deputy Chairman of the Management Board & CFAO.

G. Aliyeva: “Along with a substantial charter capital and balanced underwriting policy, Pasha Insurance’s financial stability is based on the complete transparency and well defined control of all financial transactions within the internal business processes, as well as business operations with other participants of the insurance market. Financial department acknowledges its strategic goal in securing suitable level of support for all operational structures doing this through satisfaction of interests of clients and business partners”.

Mursal Rustamov, Head of Internal Audit

Mursal Rustamov has been working as a Head of Internal Audit at Pasha Insurance since April 2009. He was assigned to this position by decision of Shareholders General Meeting and he reports to the Audit Commission of Pasha Insurance Company.

Mursal has been working in Pasha Insurance since April 2006, through initial three years in the company he had developed from a Legal Services Senior Specialist to a Claims & Legal Services Manager position. He was awarded with “The Best Employee of The Year” in 2007 and “The Best Manager of The Year” in 2008. In 2006-2008 Mursal had taken part in practical courses on insurance claims at the leading insurance companies in England and Russia.

Mursal graduated from the Baku State University Law School with distinction and then he finished his Masters at the same school with concentration in Criminal Process. In 2004-2005 he had worked as an intern with the Prosecutor's Office of Baku City and then practiced as a legal-consultant for MP Consulting Company.