Mobile complaints about insurers
The State Insurance Supervision Service under the Ministry of Finance of Azerbaijan and Azerbaijan Insurers Association (AIA) presented a mobile application Sigorta Azerbaycan.
As the head of AIA Orkhan Bayramov told Turan, the innovation can be used on Android and iOS.
The application provides information about insurance companies in Azerbaijan, insurance products, tariffs on compulsory insurance, legislation, as well as news of the insurance market.
The application allows you to send in complaints to the Ministry of Finance about insurance companies, check the status of their insurance contracts, and to inform the insurance companies on insurance cases. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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