![Pasha Hayat Sigorta among the most capitalized life insurers](https://turan.az/resized/./turan-750-500-resize.webp)
Pasha Hayat Sigorta among the most capitalized life insurers
The share of the insurance company Pasha Hayat Sigorta is 73.67% of the total capitalization of insurance companies operating in the life insurance market (there are three).
According to the leadership of the financial structure, it became known after the size of its share capital has increased by two-thirds - to 25.2 million manat.
Overall, as of the beginning of the second half of the year, the total registered capital of domestic insurance companies is 265 million 776 thousand manats (+6.6% compared with the figure of 1 January).
The company Pasha Hayat Sigorta in terms of the share capital is in the fourth place. The leaders are the only reinsurance company in the market AzRe, as well as insurers Pasha Sigorta and Khalg Sigorta.
Insurance company Pasha Hayat Sigorta was founded in 2010 and started the actual activity in the middle of February 2011.
The founder of the company is Pasha Holding.
The registered capital is 25.2 million manat.
In January-May this year, it collected 14.9 million, and paid 380 thousand manats. - 17D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review