The insurance company Ateshgah paid for cases related to motor vehicle accidents (voluntary CASCO insurance) 2.7 million manat in January-August 2012. This is AZN 600,000 more compared to the same period last year.
In August, they carried out three large payments in this segment. Thus, 44,500 manat was paid on the occasion of damage to a car brand HOWO, which overturned on the highway Gilezi - Khyzy. A similar incident occurred with a car brand Hyundai County in Khachmaz. The amount of payment was 25,000 manat.
The third payment in the amount of 20,765 manat was implemented upon the collision of a car brand Volkswagen Passat CC with a car VAZ 21063 in Baku. In total, only in August the payment by Ateshgah on CASCO insurance amounted to more than 447,000 manat.
Ateshgah has operated in the local insurance market since January 1997.
In March 2007, the company received a license for a period of 5 years.
The company currently provides services for four types of compulsory and 18 types of voluntary insurance.
To date, Azerbaijan has 8 offices of the insurance company Ateshgah, 5 of which are located in the regions - in the cities of Ganja, Lankaran, Khachmaz, Sheki and Mingechevir. - 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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