List of foreign insurance, reinsurance and brokerage companies once again (on a monthly schedule) added several players in this segment.
According to the official website of the State Service for Insurance Supervision, at the end of the last quarter the registry of foreign insurance companies included several insurance companies.
In particular, the decision of the management service in the list included several foreign insurance companies. All of them (Uzbek "Transinsurance Plus", the Russian company "Opening Insurance" (formerly the "Fatherland"), and "SK Master-Garant", the Belarusian "Belneftstrah" and Kazakh "BTA Insurance") representing the CIS States. Thus, the total number of insurance companies on the roster has reached 90.
The number of reinsurance companies with foreign capital has increased at the expense of VTB Insurance, LTD (RF) and an increase from 37 to 38.
The number of foreign players in the local brokerage segment has not changed and made 61.
According to the law "On insurance activity" in the register of foreign insurance, reinsurance and brokerage companies to be included in the structure rated by which Azerbaijani insurers advisable to conduct insurance and reinsurance operations.
According to the same law, the registry must be updated promptly, so that the company can begin on time to participate in the financial market of Azerbaijan.
The registry of the State Insurance Supervision Service was established under the law "On insurance activity". - 17D-
Economics
-
Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
-
The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
-
BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
-
In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
Leave a review