The differences between insurers and clients in determining the value of the insured vehicle in the coming years, the insurance rate, the insurance amount to be returned to the insurer in the cancellation of the contract have led to a detailed discussion in the Committee on Voluntary Insurance of the Azerbaijan Insurers Association (AIA) .
Experts intend to make changes to the "Rules for full car insurance of individuals," said the report. In particular, they discussed the insured amount and long-term contracts (for more than 1 year) in the framework of the rules. The discussion will involve underwriters and assessors, so that the view was detailed.
AIA was established in December 2006. The main objective is ensuring the development of the insurance market of Azerbaijan, as well as the unanimous performance of insurance companies in the discussion of the problems and prospects of the insurance market. --17D-
Economics
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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