AXA MBASK collected by April 1, more than 4 million manats
The insurance company AXA MBASK brought in January-March the level of its premiums to 4,135,630 manats (32 % compared with the same period last year).
According to the company’s press release, premiums for voluntary insurance were 2 million 609.93 thousand manats (37.8 %). Hull car insurance totaled 1,153,700 manat , insurance of property against fire - 313,750 manat, voluntary medical insurance - 746,950 manat , accidents - 145,930 manat, cargo - 119,650 manat.
Compulsory insurance premiums in the reporting period amounted to 1,525,800 manat ( 23.2 %) , including CTP - 1,412,470 manats ( 19.5 %).
Rest of the amount of premiums fell on other types of voluntary and compulsory insurance.
During the quarter for insurance claims was paid 2,195,790 manats (19.1 % per year). Voluntary insurance payments amounted to 1,433,480, and for compulsory insurance - 762,310 manat.
Insurance company AXA MBASK established in 1992, being in the top ten local insurers. Shareholders are AXA Seguros Generales, SA, De Seguros Y Reaseguros (84%) and individuals (16%). - 17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review