JSC Pasha Sigorta in January once again became a leader in the collection of premiums in the local insurance market. According to the report of the Association of Insurers of Azerbaijan (AIA), it collected 35.2 million manat - a little less than half of the aggregate results across the country.
Total for January, 25 companies collected 76.3 million manats (+ 21.3% to last year's January). The bulk of the awards took place at the position, where life insurance was not included (83.6% or 63.8 million manats in absolute terms). In life insurance, AZN 12.5 million (+ 53.1%) was collected.
In the second place there is Ipek Yolu Sigorta - 8.6 million AZN, followed by Pasha Hayat Sigorta - 7.1 million AZN, Ateshgah - 4.9 million AZN, and Qala Hayat Sigorta - 3 million AZN of premiums.
Total payments of insurers in the reported month amounted to 13.4 million manats (+ 29.4%). The ratio of benefits to premiums as a whole was 17.5%, with the largest increase (6.6 times) occurred in life insurance. --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