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
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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