The list of foreign insurance, reinsurance and brokerage companies added another player in this segment .
According to the official website of the State Insurance Supervision Service, on September 11 the register got a new reinsurer - Gunesh Sigorta A.S. (Turkish Republic). Thus, the total number of reinsurance companies on the roster reached 39.
The number of insurance companies with foreign capital kept at 93 units.
The number of foreign players in the local brokerage segment increased to 65 by the brokerage firm IUC Sigorta ve Reasurans Brokerligi AS (Turkey).
Foreign individuals who want to be brokers in Azerbaijan have not been registered.
According to the law "On insurance activity," the registry of foreign insurance, reinsurance and brokerage companies is to include companies highly rated, by which Azerbaijani insurers would be advisable to conduct insurance and reinsurance operations.
According to the same law, the registry must be updated promptly, so that the company could 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
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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