As of July 1 for all types of insurance companies payments were made in the amount of AZN 58,097,890, which is 28.7% more than last year. Growth, particularly in the segment of payments due to mandatory civil liability of owners of vehicles - 11.59 million manat (by the second half of last year on the new CTP there was paid 12.5 times less - 925680 manat).
For insurance claims in the voluntary types produced 41.02 million manat of payments. The greatest amount of compensation was in the VHI - 21.89 million manat and hull insurance of motor vehicles - 12.43 million manat, voluntary life insurance paid 1.35 million manat, travel insurance - 133,400 manat.
By accident insurance paid 721,110 manat, property insurance against fire and other risks - 2.02 million manat, cargo insurance - 85,030 manat, voluntary insurance of civil liability of vehicle owners - 189,130 ??manat.
We note in particular insurance companies from employee fraud - in these cases offset by 1.7 million manat. According to general liability insurance paid 135,340 manat, employers' liability insurance - 20,520 manat. The death or deaths of livestock, as well as on the facts of crop offset the overall 480,000 manat, which many in a "void" in the contracts.
Mandatory insurance generally paid 17.08 million manat, of which the new CTP had 67.9%.
For compulsory military insurance paid 3.37 million manat on compulsory state insurance court officials and law enforcement agencies - 422600 manats, in contracts since the old CTP - 21780 manat in the absence of premiums for compulsory insurance of property - 830,360 manat. - 17D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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