The indicator of average return on assets (ROA) for the life insurance market in the last year fell by almost half - 8.1 to 15.9% in 2013. This is due to an increase in the proportion of payments - until 2014 the ratio of benefits to premiums in this segment amounted to no more than 7%, now - up to 15%, although in the framework of insurance against accidents at work on June 1, is 4.6%.
Slightly better is the situation in general insurance - there was also a margin of 8.1% (in 2013 - 11.2%).
The index average return on equity (ROE) for the life insurance market is also reduced - in the last year of 20.5%, a year earlier - 37%, again slightly better than in the general insurance 12.8% to 17.8%.
In 2014, there were 27 insurance companies and one reinsurance company. --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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