Insurance Company A-Group in the framework of the UN to comply with road safety has made the first steps. On the roads of the capital they placed road signs and billboards with the logo of the financial structure, calling not to neglect belts in cars.
A year earlier, the company was considered a purely "medical" - up to 95% of premiums were tied to the VHI. Now, however, it makes the room for Hull car insurance. According to the State Insurance Control Service, the share of voluntary health insurance in January-April amounted to 76.5% of the 2.45 million manat. In this case, property insurance, in contrast to previous years, the first time exceeded 100 thousand manats.
According to the company itself (http://www.a-group.az/az/rus/news2.php), over-year growth of car insurance amounted to almost 180%.
A-Group established in 1995 provides services for 14 types of voluntary insurance.
At the local insurance market it is the only structure chosen by the International Finance Corporation (IFC) for the implementation of the second phase of a pilot program to improve corporate governance.
Earlier this year, A-Group has once again confirmed the compliance with the international quality standard ISO 9001. - 17D-
Economics
-
On September 11, 2024, Azerbaijan's Economic Council, chaired by Prime Minister Ali Asadov, convened to review the draft state and consolidated budgets for 2025-2028. The meeting, dedicated to key financial and economic issues, addressed global economic trends, macroeconomic forecasts for 2024-2028, and the country’s budget policy for the coming years.
-
Azerbaijan's fixed asset investments in the first eight months of this year totaled 11.2 billion manats, reflecting a 1.7 percent increase compared to the same period last year, according to data from the State Statistics Committee. This uptick highlights the country’s ongoing commitment to infrastructure development, though the composition of investment flows reveals contrasting trends between sectors.
-
Azerbaijan’s gross domestic product (GDP) grew by 0.8% in the January-August 2024 period, reaching 80.96 billion manats ($47.62 billion), reflecting stability in overall production compared to the same period in 2023, according to data from the State Statistics Committee.
-
Azerbaijan’s consumer price index (CPI) for the period of January to August increased by 1.3% compared to the same period in 2023, marking a period of moderate inflation in the country. According to the State Statistics Committee, the overall CPI for the eight-month period reached 101.3%, with various sectors showing mixed inflationary pressures.
Leave a review