The insurance company AXA Mbask in January-June collected 9,113,890 manats (23.3% per year). Most - 4,895,390 manat was collected on voluntary insurance.
Within motor insurance (Hull) they collected 2,080,440, voluntary health insurance (VHI) - 1,268,020 manat property insurance against fire - 820,150 manat accidents - 234,430 manat, cargo - 205,490 manat.
Award under compulsory insurance in the first half amounted to 4,218,490 manats, including CTP - 3,974,100 manats. Rest of the amount of premiums fell on other types of voluntary and compulsory insurance.
Payments for the first half amounted to 4,461,090 manat (+ 23.2% per year). Compensation under the facts of voluntary totaled 2,764,430 manat on compulsory - 1,696,660 manats.
The insurance company AXA Mbask was established in 1992, and is among the top ten insurance companies in Azerbaijan on the volume of premiums collected. Its shareholders are AXA Seguros Generales, SA, De Seguros Y Reaseguros (84%) and individuals (16%). - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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