According to the head of the Association of Insurers of Azerbaijan (AIA) Orkhan Bayramov, the absolute figures of the local insurance market at the end of this year are likely to grow by 10 to 20%.
"In the first half, despite the February devaluation of the manat, an increase was recorded at 14.3%. The real picture of the market will be seen in the third quarter, as in the second quarter the market adapted to the new conditions, he told Turan yesterday.
In the case of growth of the indicators the premium per capita would reach 50 manat, while the figure is about 46 manat now. In this scenario, the total market will be about 500 million manat (last year the premium in the market amounted to about 430 million AZN).
According to the State Insurance Supervision Service, in the first half of 2015 the total premiums were at the level of 242.4 million manat (+ 14.3% to July 1 of the previous year). --17D-
Economics
-
Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
-
On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
-
During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
-
At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
Leave a review