Life insurance companies from next year can choose new tariffs, more forgiving for the insured.
This was noted at the meeting of the profile committee of the Association of Insurance Companies of Azerbaijan (AIA). The discussion was attended by activists and financial managers of all companies engaged in life insurance (Pasha Hayat Sigorta, Ateshgah Hayat Sigorta and Qala Hayat Sigorta).
"During the meeting, the participants discussed the methods for calculating the total capital of life insurance companies and the question of determining the tariff rates under the new rules," the information stated.
Following the meeting, they agreed to develop proposals on these issues and present them fully at the next meeting. --17D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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