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
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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