BAKU/16.01.14/Turan : Azerbaijani insurance companies in January - October collected 24 million 885.01 thousand manats for compulsory insurance and disability of individuals from accidents and occupational diseases . This is 12.7% or more compared to last year, when their account was 21.73 million manat .
According to the information of the State Insurance Supervision Service of the Ministry of Finance AR , payments on this type of insurance amounted to 1,457,360 ( 19.9 %) , significantly better than the season before.
Payout ratio of 5.87 % and premiums - that is, companies are hoarding capital only , disregarding the interests of customers.
Services in Azerbaijan on this type of insurance are provided by three insurers - Pasha Hayat Sigorta, Ateshgah Hayat Sigorta and Qala Hayat Sigorta. - 17D-
Economics
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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