The local life insurance company PASHA Hayat Sigorta gathered 54 million 526 thousand manat of premiums last year (+30% or 12 million 623 thousand for the fiscal cycle).
As stated in the press release with reference to the Director of Strategic Development Israil Garayev, during the year 5 times increased insurance payments, amounting to 16 million 350 thousand manat. The increase in payments is reportedly associated with an increase in payments under life insurance, insurance of credit borrowers, as well as compulsory insurance against accidents at work.
OJSC PASHA Hayat Sigorta with registered capital of 40.25 million AZN has been valid from 14 February 2011 on the basis of the license from the Ministry of Finance of Azerbaijan. The sole shareholder is PASHA Holding. --17D-
Economics
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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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The launch of the Azeri Central East (ACE) platform in Azerbaijan's Caspian Sea shelf marked an important milestone for BP in 2024, said BP CEO Murray O'Kinkloss on February 11, presenting the company's 2024 report.
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Cargo transportation along the Middle Corridor (Trans-Caspian International Transport Route, TMTM) reached a record 3.3 million tons in 2024, marking a 20% increase year-on-year, according to the Secretary General of the International Association "Trans-Caspian International Transport Route" Khaydar Abdikerimov.
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Azerbaijan’s national carrier AZAL and Israel’s El Al Airlines have announced a new partnership under a codeshare agreement, allowing passengers of both airlines to access joint flights, the carriers said in a statement on Sunday.
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