
Head of Insurance Supervision : " For the growth of payments does not require changes in the regulations "
BAKU/29.01.14/Turan : Last year, payments on the insurance market in Azerbaijan amounted to 30.27 % of premiums , which is the normal rate for the post-Soviet countries .
This level is achieved mainly due to large segments such as voluntary medical insurance ( 70.55 %), voluntary Hull car insurance ( 49.1% ) , compulsory insurance of servicemen ( 40.2% ) and the liability of owners of cars or insurance ( 38, 9%). There is even a position where the payments exceed premiums - insurance financial institutions against fraud employees collected 1.01 , paid 2.24 million manat .
However, there were a lot of "profitable " major types of insurance. First of all , it's aviation insurance - here disbursements totaled 0.09 % of premiums ( 1.36 thousand to 11.48 million manat) . Insurance maritime ratio - 0.9%, for life insurance - 0.15% and for insurance against accidents at work - 5,87 %.
As head of State Insurance Supervision Service Namik Khalilov told Turan, commenting on the situation , it is not the result of monopoly or weak control segment , there is no point in the legislative and regulatory developments . "If in 2012 the ratio of payments to premiums was 27.5% in the past year - 30.3% , and this result was mainly achieved through socially-oriented species. So , since last year , all the victims in traffic accidents and deaths , even without insurance receive 1 thousand manats from the Bureau of Compulsory Insurance. I think that will be a steady increase in payments , and this year their ratio to premiums can reach 33-35 %," he said. - 17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review