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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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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