The insurance company Mega Sigorta made another payment through participation in the Bureau of Compulsory Insurance. As stated in the company, they paid AZN 4,020 for the damage of a Honda-CRV car. "The insured event took place in the capital of Azerbaijan on the fault of the driver of the insured vehicle brand Chevrolet Malibu," the report says.
Mega Sigorta Insurance Company on March 28 was allowed to provide services within the Bureau of Compulsory Insurance.
The company provides services for three types of compulsory insurance - real estate insurance, civil liability of owners of vehicles and liability for the use of real estate.
Currently, 12 companies in Azerbaijan issue policies on compulsory insurance within the Bureau of Compulsory Insurance. Among them are AXA MBASK, Alfa Sigorta, AtaSigorta, Atesgah Sigorta, AzerSigorta, AzSigorta, Xalg Sigorta, Pasha Sigorta, Standard Insurance, Mega Sigorta, Ipek Yolu Sigorta and Azerbaycan Senaye Sigorta.
Mega Sigorta has been operating in the insurance market since 2010. Its shareholders are six individuals. The insurance company is licensed to provide services on 26 types of voluntary and 4 types of compulsory insurance. The registered capital is 10 million manat. - 17D-
Economics
-
Russian delegates at the COP 29 climate summit have reaffirmed their commitment to upholding the principles of the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The Russian Federation stressed the importance of adhering to the principle of "common but differentiated responsibilities," arguing that developed nations must continue to honor their commitments to climate finance, while allowing developing countries to contribute on a voluntary basis.
-
The world faces a shortfall of up to $87 billion annually for climate adaptation efforts by 2030, according to Lord Livermore, Financial Secretary to the UK Treasury. Speaking at the panel discussion titled "Mobilizing for Climate Action: Countries, Multilateral Financial Organizations, and the Private Sector Implementing the Paris Agreement," Livermore highlighted the urgent need for increased investment in adaptation measures.
-
In the first nine months of 2024, Azerbaijan’s alcohol and non-alcoholic beverage production totaled a mere $53 million, underscoring the dismal outcomes of the State Program for the Development of Winemaking (2018–2025). Despite being endorsed by the president in 2018, the program has delivered lackluster results despite formal state funding. In essence, the state intervention intended to foster growth in the industry has yielded minimal success.
-
Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
Leave a review