The insurance company Ateshgah Hayat on insurance against accidents and diseases at work in the past year collected AZN 7 million 52.95 thsd. This is almost one-third (32.4%) of the total market of Azerbaijan.
All in all the company's assets last year were 16.31 million manat. For comparison - in Pasha Hayat they were 14.7 million and in Qala Hayat even less - 6.36 million manat.
Most of the premiums were collected on voluntary life insurance - 9.26 million manat.
The insurance group created in 1996 consists of Ateshgah and JSC Ateshgah Hayat.
At the end of 2012 premiums of this financial structure were 53.5 million manat and payments were 13.2 million manat.
The group of insurance companies Ateshgah provides insurance services to clients for more than 20 types of insurance. -17D-
Economics
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Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
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Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
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