life insurers collected in January-August 22,376,240 manats (+ 9.33% as of 1 September last year) in the framework of compulsory insurance and disability of individuals against accidents and occupational diseases.
According to Azerbaijan Insurers Association (AIA), in August srvrkupnye companies' premiums on this type of insurance totaled 1,416,110 manats. Payments amounted to 1,867,180 manats (growth by 2.6 times), including in August - 129,450 manat.
Services in Azerbaijan on this type of insurance provide insurance companies 3 - Pasha Hayat Sigorta, Ateshgah Hayat Sigorta and Qala Hayat Sigorta.
The law "On mandatory insurance of disability of individuals against accidents and occupational diseases in the production of" engaged in December 2010 after the approval of the Ministry of Finance and the government legal acts.
By law, all economic activities are divided into 14 levels of risk that affect the size of the insurance rate - from 0.2% to 2%. The insurance rate is calculated to payroll at the company.
The law provides for three types of insurance payment: monthly, one-time and extra. --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Subsea7, a global leader in offshore engineering and construction, are exploring further collaboration on new projects in the Azerbaijani sector of the Caspian Sea. During a meeting between SOCAR President Rovshan Najaf and Subsea7 CEO John Evans, the two sides discussed the potential for Subsea7’s technological innovations to play a role in upcoming ventures. They also considered other areas of mutual interest for both companies.
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According to the State Customs Committee and the State Statistics Committee, Azerbaijan saw a significant increase in meat imports during the first nine months of 2024, amid more modest growth in domestic production.
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The event "Sustainable Transport of the Future" is being held in Baku on Wednesday, organized with the support of Azerbaijan Railways CJSC, aimed at promoting the concepts of sustainable transport that minimizes environmental impact. The event highlights environmentally friendly transportation options, such as walking, cycling, green public transport systems, and eco-friendly vehicles, all contributing to the reduction of greenhouse gas emissions.
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On October 23, 2024, the 3rd Conference of Energy Ministers within the framework of the "One Belt, One Road" (OBOR) initiative opened in Qingdao, China. Energy ministers from around the world gathered to discuss critical issues related to global energy security, the transition to clean energy, and innovations in the sector.
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