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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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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