Largest Payment by AXA MBASK
Insurance company AXA MBASK has implemented an insurance payment on the occasion of compulsory civil liability insurance of vehicle owners (new CTP).
Since the accident was fatal third party insurance payment in the amount of five thousand manats was paid to the father of the deceased driver. Payment for this type of insurance was made upon the accident that occurred on March 8 in Hussar.
Since the beginning of the year on the policy of compulsory insurance of new CTP the company has received more than 400 thousand manats.
AXA MBASK is in the process of implementation of compulsory insurance in 5 regional offices, as well as in more than 70 agencies all over the country. Insurance policies are available online by connecting to a single information system Bureau of compulsory insurance.
For more information on rules and tariffs for compulsory insurance, visit www.icbari.az.
Open Joint Stock Company AXA MBASK has been operating in the insurance market since 1992 and provides services on 25 voluntary and 4 compulsory insurance items.
In October 2010, the insurance company changed its principal shareholder, and on 7 December of that year, its license was updated.
The controlling interest (51%) was acquired AXA Group (France) through its subsidiary AXA Sequros Generales, SA, De Sequros Y Reasequros (Spain).
The paid-up share capital of the company now stands at 6.74 million manat. It has a national network of 5 branches and representative offices. - 17D-
Economics
-
SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
-
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.
-
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%.
-
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.
Leave a review