Alfa Sigorta License for CTP Insurance Services Restored
The number of local insurers, who have the right to provide services for CTP insurance, has reached 12.
This was made possible after the Ministry of Finance restored the license of the company Alfa Sigorta on the liability insurance of car owners (CTP). According to the company, the right to provide these services has been valid since January 18.
Recall that in July 2012, the company's right to provide CTP insurance was annulled by the Ministry of Finance because of numerous violations.
JSC Alfa Sigorta has worked in the insurance market of Azerbaijan since 1997. Its sole shareholder is BankTechnique. The company has the right to provide services on 33 types of voluntary and 4 types of compulsory insurance. --17D
Economics
-
Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
-
Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
-
Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
-
The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
Leave a review