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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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