Among voluntary insurance items in January and July the leader was health insurance (VHI), in which there were collected 45,784,750 manat premiums (27.5% of the segment). The reason for this is numerous corporate contracts.
According to the State Insurance Supervision Service, on the account of voluntary premiums there is 166 572 480 manat. They were followed by sharply increased endowment life insurance – 32 770 000 manat, Hull insurance of cars – 21 190 000 manat, and insurance of property against fire and other risks – 18 540 000 manat. Insurers of aircraft received 11,016,700 manats, cargo insurance - 8,304,270 manat, insurance of civil liability of owners of aircraft - 3,690,540 manat, etc.
During the period, voluntary insurance payments amounted to 54,047,960 manat (+ 11.5% from August 1 last year). In this case, life insurance payments were 3,061,210 manat (+ 73,8%), and the remaining types - 50,986,750 manat.
All the 28 insurance companies by August 1, collected 251 710 886.19 AZN (+ 9.93% by the same date last year). By the same date, they paid 77.96 million manat (+ 13.2%). -17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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