Endowment life insurance burst into the top three - local insurers collected 41 million 995.2 thousand. Yet traditionally among voluntary insurance in January-July there was leading health insurance (VHI) in which it collected 46 million 445.7 thousand manats of premiums (16.4% of the segment). The reason for this is in many corporate contracts. This segment though is under voluntary types, the insured do not represent amount and kinds of services reflected in contracts.
According to the State Insurance Supervision Service, total premiums in the voluntary are 177 million 537.55 thousand manats. The descended through the Central Bank longtime leader - Hull car insurance is 18.42 million AZN. Property insurance against fire and other risks is 18.14 million manats. Insurers of aircraft received 10.56 million manats, cargo insurance replenished the treasury at 7.07 million manats, insurance of civil liability of owners of air transport equipment - 3.4 million AZN, and other items are behind.
During the period voluntary insurance payments amounted to 79.6 million manats (+ 21.5% as of 1 August last year).
All 26 insurance companies by August 1 collected 283.15 million (+31.4 million to the same date last year). By August 1, they collectively paid 104.79 million manats. --17D-
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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