The insurance company Pasha Sigorta is a leader in insurance fees. According to the report of the Financial Markets Supervision Authority (FIMSA) in 2016, the company's fees amounted to 100 million 12 thousand 147 manat.
In the second place is the life insurance company Pasha Heyat Sigorta, as part of Pasha Holding. Insurance fees of the company in the past year amounted to 77 million 678 thousand 739 manat.
The top five also includes the State Commercial Insurance Company, whose premiums in 2016 amounted to 41 million 224 thousand 916 manats, Ateshgah Sigorta - 39 million 814 thousand 972 manat and Ateshgah Heyat Sigorta - 37 million 435 thousand 501 manat.
In insurance payments also lead Pasha Sigorta and Pasha Heyat Sigorta - 47 million 438 thousand 605 and 45 million 907 thousand 276 manat respectively.
The top five in insurance payments also include Ateshgah Heyat Sigorta - 27 million 111 thousand 809 manat, the State Commercial Insurance Company - 16 million 166 thousand 169 manat, Ateshgah Sigorta - 15 million 733 thousand 201 manat.
In Azerbaijan there are 25 insurance companies, which as a whole in 2016 collected 486 million 74 thousand 279 manat and paid 237 million 250 thousand 615 manat. -----71D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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