Over 2,000 people have access to the database of civil liability insurance of vehicle owners (CTP).
As reported at the first National Forum of Insurance Agents the Executive Director of the Office of Compulsory Insurance Elkhan Guliyev, the figure includes employees of insurance companies and insurance agents.
He stressed that some insurance agents are not always responsible in the approach to their work. "There were times when the insurance agent makes a contract with a client, but the data on the insurance policy did not impose an information system for several weeks. Furthermore, not all agents know how to enter information about the insurance policy in the information system," he said, confirming reinforced the view incompetence of a large number of insurance agents.
According to the management of State Insurance Supervision Service of the Ministry of Finance to improve the skills of agents specializing in the CTP and other types of compulsory insurance, there are courses, so you should visit them.
According to official data of the State Insurance Supervision Service for 10 months on all types of compulsory insurance collected 107 million 440.42 thousand manats, of which more than half (62.5 million or 58.2%) of the funds with the life insurance and specific types assigned to the state-owned insurance company, has arrived in the treasury under the CTP. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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