Collection of premiums of insurance companies operating in Azerbaijan in January-September 2014 amounted to 314,134,830 manat (+ 3.5% against October 1 last year).
According to the State Insurance Supervision Service under the Ministry of Finance, the majority of the premiums (65% or 204.1 million manat) was for voluntary insurance. Life insurance has grown most - by 78.9%, amounting to 52,415,650 manat, which is the result of transition of many employers from the gray to the bright segment of the economy.
According to the once traditional types of voluntary insurance like hull, cargo insurance, property insurance from fire and other items, there was registered a decline of 12.4%. A total of AZN 151 687 230 was collected. The real growth was in voluntary positions - for voluntary health insurance (53.19 million manat), which is a consequence of corporate contracts.
For compulsory insurance premiums the total collection amounted to AZN 110,031,950 (+ 9.1%).
By October 1, the insurers made payments in the amount of 116.388 million manat (+ 31.5%). --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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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