The Bureau of Compulsory Insurance (BCI) members received awards on compulsory insurance of civil liability to third parties (CTP) in the total amount of 58 million 486.35 thousand AZN by October 1 (+ 13.1% to the same period last year).
According to the information on the BCI site, in the first three quarters they concluded 746,518 contracts (+ 8.4%).
Recall the sale of insurance policies on the new tariffs and new conditions started on December 16, 2011. The basic rate is 50 manat and is valid for vehicles with an engine capacity of up to 1,500 cubic cm. The maximum rate - 5 (250 manats) applies to funds with an engine capacity of 5 thousand cubic cm or more.
Within the framework of this insurance type the amount to be paid at property damage and damage to the health of a person is at 5,000 manats with a total limit for one event in 50,000 manats.
Members of the BCI are 15 insurance companies. Three of them are engaged in life insurance and 11 are authorized to provide services for CTP insurance.
Last year, CTP insurance collected 70 million 687.55 thousand manats. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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