Mandatory payment of insurance companies amounted to one-fifth of the total
In January-October all types of insurance companies paid in the amount of AZN 82,536,070, up 40% over last year. For insurance claims voluntary payments made AZN 66,995,870.
The greatest amount of compensation was in voluntary health insurance (VHI) - 35.26 million manat and CASCO insurance vehicles - 20.56 million manat, voluntary life insurance paid 3.03 million manat, travel insurance - 191,290 manat.
Accident insurance paid 1.39 million manat, property insurance against fire and other risks - 2.32 million manat, insurance of waterways - 750,460 manat, aircraft - 876,510 manat (anti-record for all years). Cargo insurance paid 339,520 manat and voluntary liability insurance of vehicle owners - 226,680 manat.
Voluntary insurance of civil liability for the conclusion of regulations paid 7,510 manat, general liability insurance - 129,430 manat, and employer's liability insurance - 54,310 manat. Most of the positions of liability were paid to owners of aircraft - 1.2 million manat.
The insurance of loss and death of livestock, as well as failure of crops paid 200,100 manat, and the insurance of fraud of employees paid an incredible amount of 618,690 manat.
Mandatory insurance generally paid on contracts 15.54 mln of compensation. In particular, the compulsory insurance of servicemen paid 6.55 million manat, compulsory state insurance of judges and law enforcement officers paid 643,320 manat, old CTP paid 557,780 manat, and compulsory fire insurance paid 381,170 manat.
On items included in the list of the new tariff, the situation is this: the compulsory insurance of civil liability of vehicle owners (new CTP) paid 5.62 million manat, and compulsory property insurance paid 680,710 manat.-17D-
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review