Members of the local Bureau of Compulsory Insurance (BCI) paid 9 million 667.84 thousand manats this year up to 1 June within the requirements under contracts of compulsory insurance of civil liability of vehicle owners (CTP). Of this, 1 million 570.68 thousand manats was paid in May.
According to the report of the Bureau, the payments were made under 8,114 cases (in May there were 1,321 cases).
In May, most of the damage (1 million 391.81 thousand manats) fell on vehicles, property damage - 45.12 thousand manats, damage to health - 43.75 thousand manats, and death in road accidents - 90,000 manats (18 cases).
Recall, for the entire 2014, insurers paid insurance of 26 million 833 thousand manats. --17D-
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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