The specialized life insurance company Pasha Hayat Sigorta by November 1 collected premiums of 47 million 992 thousand manats (+ 36.56% over the same period last year).
According to the report of the insurer, its share in the profile market is 46%, i.e. it is the leader in its segment.
Payments in January-October were at a level of 8 million 169 thousand manats (3.33 times more compared to November 1 last year). The majority of payments (7 million 194 thousand) accounted for voluntary types, while compulsory types were 975,000 manats.
JSC Pasha Hayat Sigorta operates on the local market since 14 February 2011 on the basis of the Ministry of Finance. The whole package of its shares belongs to the group of companies Pasha Holding. --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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