Companies engaged in life insurance in the local market collected 91,749,220 manat (+43.75% by December 1, 2013).
The Chairman of Azerbaijan Insurers Association (AIA) Orkhan Bayramov told Turan the share of the three players in life insurance segment in the total market is 23.97%.
During the period payment by these companies amounted to 26,847,170 manat (an increase of 7.6 times) with a specific weight of 18.7% of all payments.
The situation is as follows. On account of the leading Pasha Hayat Sigorta there is 38,3 million with an extremely low level of payments - 2.63 million manat or 6.9%. Ateshgah Hayat Sigorta has 35,56 million with an extremely high level of payments - 22.73 million manat or 63.9%. Gala Hayat Sigorta has 17.92 million with a low rate of payments - 1.48 million manat (8.3%).
The roster of local insurers includes 27 companies. --17D-
Economics
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The International Association of Drilling Contractors (IADC) opened its annual "IADC Drilling Caspian" conference in Baku on Tuesday, bringing together industry leaders to discuss advancements in oil and gas drilling, as well as the growing role of geothermal energy.
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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