Premiums for compulsory insurance approach voluntary insurance ones. Their annual growth by 1 November was 12.9%, while on voluntary types - 2.9%.
The press secretary of the Association of Insurers of Azerbaijan (AIA) Vafa Rustamova told Turan in January-October awards for voluntary insurance amounted to 236.1 million manats (62.3% of the total). Compulsory types collected 142.8 million manats.
On the contrary payments under voluntary types grew by + 7.3% with the aggregate amount of 103.8 million manats and 74.1% of the total payments. Payments for compulsory insurance increased by 4.6% to 36.2 million AZN.
Recall, the total premiums of insurers by November 1 totaled 378.9 million AZN with payments of 140 million AZN. --17D-
Economics
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
-
Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
Leave a review