The Insurance Supervision Service of the Ministry of Finance published a report on the collection of premiums and payments in proven cases. From January to November they collected 355,976,980 manat (+ 5.4% as of 1 November 2013).
Most of the premiums were received under voluntary insurance - 229,513,230 manat (+ 2.8%). The highest growth - 68.9% occurred in life insurance (AZN 58,212,170). A little more was collected premiums for health insurance (VHI) - 59,134,900 manat, motor insurance - 31,634,470 manat, property insurance against fire and other risks - 26,809,370 manat, and insurance of aircraft - 12,329,000 manat.
Cargo insurance premiums amounted to 12,286,200 manat, and liability insurance of air vehicles - 3,743,270 manats.
Within the framework of mandatory types collection of premiums was 126 463 750 manat (+ 10.5%).
The total amount of payments made 131 405 430 manat (+ 32.8% at the expense of life insurance). --17D-
Economics
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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