In January-June, the Bureau of Compulsory Insurance (BCI) within the framework of civil liability of vehicle owners to third parties paid 11 million 898.85 thousand manats (minus 6% to July 1 of last year).
According to the information of the accumulating and regulatory framework, in June the figure was 2 million 235.47 thousand manats on 1,758 cases. Most of the benefits (2 million 454 thousand manats to 1,653 insurance claims) is associated with damage to vehicles.
Sale of the insurance policy for CTP started from December 16, 2011. The sum insured under property damage amounts to 5,000 manats, with damage to the health of one person – 5,000 manats, and with a total limit per insured event – 50,000 manats.
BCI was established in the framework of the law "On compulsory types of insurance". The members of the Bureau are 15 insurance companies. Eleven of them have the right to provide CTP services. --17D-
Economics
-
Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
-
AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
-
In the bustling corridors of Iran's Ministry of Energy, Shahin Mustafayev, Azerbaijan's Deputy Prime Minister and Co-Chair of the Azerbaijan-Iran Intergovernmental Commission on Economic, Trade, and Humanitarian Cooperation, convened with Abbas Aliabadi, Iran's Minister of Energy. Their agenda: to explore the vast potential of trilateral energy cooperation between Azerbaijan, Iran, and Russia. Discussions centered on integrating energy systems, expanding electricity exchange, and establishing robust infrastructure for regional electricity transit.
-
In the snowy alpine setting of Davos, Azerbaijani President Ilham Aliyev met with the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, to discuss a shared vision for sustainability and regional cooperation. The meeting, held on January 22, came at Renaud-Basso’s request and underscored the growing partnership between Azerbaijan and the EBRD, with a focus on green energy, infrastructure projects, and economic development.
Leave a review