The Education Center will soon appear in the insurance sector of Azerbaijan.
According to the chairman of the Azerbaijan Insurers Association Orkhan Bayramov, on the agenda there are a few innovations - a register of quality insurance agents and a reinsurance "safety cushion" to prevent catastrophically large insurance risks.
According to him, these issues are equally relevant. Azerbaijan has introduced compulsory insurance for property, but no single agency or financial enterprise is able to cover the risks associated with phenomena such as floods or earthquakes. The “safety cushion” mainly involves the accumulation of sufficient funds in the Bureau of Compulsory Insurance, as well as contracts with large foreign reinsurance companies.
Also today, every major insurer has a network of insurance agents in CTP and compulsory property insurance, but the quality of their services does not correspond to the standards. So the question of their differentiation is topical, he said. All the suggestions will be forwarded to the Ministry of Finance. - 17D-
Economics
-
BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
-
In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
-
BP, on behalf of its partners in the Azeri-Chirag-Gunashli (ACG), Baku-Tbilisi-Ceyhan (BTC), Shah Deniz, and South Caucasus Pipeline projects—including SOCAR, TPAO, LUKOIL, SGC, NICO, MOL, INPEX, ExxonMobil, ITOCHU, ONGC Videsh, Eni, MVM, and TotalEnergies—has announced the successful conclusion of the latest round of the "Skills for the Future" educational project, launched in 2023.
-
BP-Azerbaijan, the operator of Azerbaijan's flagship Shah Deniz gas field, has unveiled plans for the construction of a new platform, marking a significant step forward in the development of the field. This project is effectively a third phase in the exploitation of one of the Caspian Sea's largest energy reserves.
Leave a review