During 10 months of 2016 25 insurance companies collected AZN 420 million of insurance premiums, according to the Financial Markets Supervision House (FMSH). It is AZN 41 million or 11% more than in the same period last year.
Insurance payments amounted to 191 million manat, which is 36% more in comparison with the same period of 2015.
For 10 months of the current year, voluntary insurance fees increased by 15%, and payment increased by 38%.
The fees on compulsory insurance increased by 4%, and payments increased by 30% and amounted to respectively 148 and 47 million AZN.
Note that according to FMSH, the top three for the insurance fee includes OJSC Pasha Sigorta (37 million 687 thousand 68 manat), Pasha Heyat Sigorta (66 million 981 thousand 824 AZN), and Azersigorta (37 million 999 thousand 56 manat).
The top three for the insurance payment looks like this: Pasha Sigorta (37 million 687 thousand 69 manat), Pasha Heyat Sigorta (32 million 521 thousand 268 manat), and Ateshgah Heyat Sigorta (23 million 347 thousand 904 manat). -----71D
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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