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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Azerbaijan's Small and Medium Business Development Agency (SME) and the Iraqi Federation of Chambers of Commerce have formalized a significant step towards enhancing bilateral economic ties with the establishment of the Azerbaijan-Iraq Business Council. The agreement, signed by Orkhan Mammadov, Chairman of the Board of Directors of SME, and Abdulrazag Al-Zuheir, President of the Iraqi Federation of Chambers of Commerce, comes within the framework of the Azerbaijan-Iraq Business Forum.
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Azerbaijan officially presented the updated digital government platform "myGov" at an event on September 17 in Baku, marking a significant step in the country's digital transformation. The event was attended by government officials, private sector leaders, media representatives, and industry experts.
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Minister of Economy Mikail Jabbarov held a meeting with the World Bank's Regional Director for Sustainable Development for Europe and Central Asia, Sameh Naquib Vahba, to review the ongoing and potential areas of collaboration between Azerbaijan and the World Bank. Both sides expressed their satisfaction with the progress made in joint projects aimed at boosting economic diversification and infrastructure development in Azerbaijan.
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Azerbaijan officially presented the updated MyGov digital government platform today in the capital city of Baku, marking a significant milestone in the nation’s ongoing digital transformation.
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