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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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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