The local insurers Alfa Sigorta officially denied reports of a number of local electronic mass media on its closure.
The press release stated that "widespread speculation and assumptions about the closing are untrue. The company operates in a normal mode, providing full range of insurance services."
In accordance with the strategic goals, Alfa Sigorta continues to work on improving operational processes and customer services. In this connection, it works on the automation and optimization of the structure and costs.
Alfa Sigorta with the authorized capital of 7,780,000 manat received a license to operate in 1997. The sole shareholder is JSC Bank Technique. Clients are provided services for 33 types of insurance, including those in the framework of membership in the Bureau of Compulsory Insurance.
In January-March its premiums amounted to 1 million 495.93 thousand manat with payments of 434 thousand manat. --17D-
Economics
-
Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
-
Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
-
Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
-
Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
Leave a review