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”.

Ulviyya Jabbarova, Deputy Chairman of the Management Board & COO Ulviyya Jabbarova possesses more than 10 years of extensive practical experience in various fields of Azerbaijani insurance business. Having graduated from the Azerbaijan Medical University with specialization in general practice and started her professional activity in insurance field in 2001, Ulviyya Jabbarova has held various important positions in such fields as medical insurance, organization of medical assistance, life insurance and travel insurance. She had been a Deputy Head of the Medical Insurance Department at A-Group Insurance Company in 2006-2007 and a consultant at the World Bank’s “Health Sector Reforms Project in Azerbaijan” in 2007-2008. Ulviyya Jabbarova has continued her insurance career with Pasha Insurance since February 2008. Initially starting as a Medical and Travel Insurance Underwriting Coordinator, she was appointed as Medical and Travel Insurance Manager in February 2009, then promoted to the Director of the Medical and Travel Insurance Department in January 2010. During this period Ulviyya had successfully managed the restructuring of the Medical Assistance Service at Pasha Insurance and the introduction of the Quality Management System in the Medical and Travel Insurance Department. Ulviyya Jabbarova was appointed to a Quality Control System Manager position at Pasha Holding in 2010 and promoted by Pasha Holding’s decision to her current role of Deputy CEO and Chief Operating Officer of Pasha Insurance in March 2011. Ulviyya Jabbarova is a member of the Travel, Hotel and Tourism Committee of the American Chamber of Commerce in Azerbaijan (AMCHAM) and the Medical Insurance Committee of the Association of Insurers of Azerbaijan. U.Jabbarova: “The best insurance services built on long-term, mutually beneficial and trustworthy relations with clients are the holding pillars of successful performance of Pasha Insurance. Activities of the company’s operational units are based on distinct customer-oriented strategy and implemented using cutting-edge management and information technology. Not only does the personalized customer approach foster high sales levels of insurance services, but it also allows rendering top quality services to clients of Pasha Insurance in an effective and timely manner”.

Zaur Aliyev, Management Board Member - Chief Finance & Admin Officer Zaur Aliyev graduated from the University of East Anglia, Norwich, Great Britain with Bachelor degree on Accounting and Finance in 2003. He is a member of the Association of Chartered Certified Accountants (ACCA) since 2008 and possesses the certificate on International Financial Reporting issued by the same organization. Zaur started his professional career in 2003 as an auditor in Kazakhstan office of Ernst & Young CIS and later – in January, 2004 he was transferred to Azerbaijan office of the company in the same position. In October 2004, Zaur was appointed Senior Auditor in London office of Ernst & Young LLP and held this position till October 2009. Upon return to Azerbaijan in July 2010 Zaur started his career at Pasha Holding in the position of Audit Manager with the Audit and Monitoring Department and in addition since February 2011 performed functions of a member of the Audit Commission of Pasha Insurance. In November 2011 Zaur assumed the role of Management Board Member & Chief Finance and Admin Officer of Pasha Insurance. Z. Aliyev: “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”.

Orkhan Mammadov, Management Board Member - CTO Orkhan Mammadov graduated from the School of International Economic Relations at Azerbaijan State Economic University (2004) and then attained his Master’s Degree in International Business from the same university (2006). Orkhan is a graduate of Global Network Foundation’s Central Eurasia Leadership Academy (2011). Orkhan started his professional carrier in 2003 as an Assistant Expert at German Technical Cooperation (GTZ) financed Azerbaijan Privatization Project. In 2007 Orkhan joined Pasha Insurance where he has held a number of technical and managerial positions, namely Corporate Insurance Executive (2007-2008), Bankassurance Supervisor (2008-2009), and Operations Manager (2009-2011), till being appointed a Management Board Member in charge of Company’s technical functions in May 2011. In 2009 Orkhan was awarded a Certificate in Insurance (CertCII) from the London Chartered Insurance Institute (U.K.) where he currently continues his distance studies towards Diploma in Insurance DipCII (expected 2012). O. Mammadov: “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”.

Samaya Novruzova, Management Board Member - HR & Development Director Samaya Novruzova graduated with honors in 1990 from the Azerbaijan State University of Foreign Languages and completed her Masters at the Azerbaijan University of Technology in 2003. Samaya carries more than 20 years of work experience in education, HR management, management systems, and quality management. Samaya started professional carrier with the Swiss SGS Company’s Baku rep office as an Executive Assistant and was promoted to the position of HR & Admin Coordinator in 1996. From 2002 till 2004 she had held a position of International Certification Services Manager with SGS-Azerbaijan. In 2005 Samaya moved to the national business sector where she had held managerial positions in the food processing and packaging companies with responsibilities for design and implementation of the corporate quality and food safety management systems. Samaya Novruzova joined Pasha Insurance’s management team in March 2007 in an HR & Management System Coordinator role and was soon promoted to the HR & Admin Manager position in 2008. Since 2009 Samaya has been working as an HR & Development Director of Pasha Insurance. In this role she also manages Company’s Quality Management Team. Per Paşa Holding’s decision, Samaya Novruzova entered the Company’s Management Board in 2011. Samaya currently continues her professional studies through Chartered Institute of Personnel & Development program at Nottingham Trent University (UK) with CIPD Diploma expected in 2012. S.Novruzova: “The professionalism of activity of the company is guaranteed by our employees and general assesment of the company in the market, as well as its financial indicators depend on the quality of employees’ daily work. That is why, HR-policy of Pasha Sigorta is aimed at constant development of business skills of employees, growth of their professionalism, continuous improvement of corporate culture, as well as self-realization of the employees via succession planning policy. The given factors play important role in establishment of competitive advantage of Pasha Insurance in the financial market of Azerbaijan”.