In January-February, insurers collected 101.7 million manat of premiums (+ 11.1% against March 1 of last year).
According to the information of Azerbaijan Insurers Association (AIA), 27 companies in two months paid 24 million manat (+ 26.3%). This means that the increased share of payments to premiums - for every 100 manat there was 23.6 manat against 20.8 manat as of 1 March 2014. According to experts, this figure is pulled down by payments under the compulsory insurance of life, but according to statistics, awards in this segment decreased by 14%, while payments grew by 3.2 times.
In other segments the premiums increased by 19%, and the payments grew by 11%. Almost three-quarters (72%) of the local insurance market was formed by voluntary types. --17D-
Economics
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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Azerbaijan's state oil company SOCAR announced plans on November 15 to issue green bonds in the Azerbaijani financial market to support environmentally sustainable projects.
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