The volume of the insurance market by the end of the year will exceed 400 million manat (40 AZN per person) – the local media were told by the chairman of Azerbaijan Insurers Association (AIA) Orkhan Bayramov.
According to him, in January-November on all types of insurance, including compulsory and life insurance, there was collected 382.8 million manat, which is 3.8% more than the same period last year.
Payments by insurers in proven cases amounted to 143.5 million manat (+ 29.9%), he said, adding that for every 100 manat of premiums there was 37.5 AZN of payments, which is the average European level.
Recall that up to 2013 the average payment was 15-17%, and the life insurance payment level was even less - 6%. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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