Social Benefits Amounted to More than Half of All Insurance Compensation
In January-July for all types of insurance the companies paid 49 million 469.15 thousand manat.
Voluntary insurance claims produced AZN 41 million 84.49 thsd of payments. "Social payments" made more than half (57%) of voluntary compensation.
From this on auto insurance was paid 12.47 million manat, on LCA - 21.44 million manat (12 million more than last year), on voluntary life insurance - 1.11 million manat, on accident insurance - AZN 931.06 thsd, on property insurance against fire and other risks - 1.71 million manat, on insurance of aircraft - AZN 868.3 thsd (anti-record for all years), cargo insurance - 160.37 thousand manat, voluntary liability insurance of vehicle owners - 135.39 thousand manat.
Voluntary insurance of civil liability for the conclusion of regulations paid 7.51 thsd AZN, general liability insurance - 125.2 thousand manat and employers liability insurance - 48.65 thsd manat.
On the death of livestock, as well as on the facts of crop offset was paid 127.41 thousand manat.
Mandatory insurance generally paid on contracts 8.38 million of compensation. In particular, the compulsory insurance of servicemen paid 4.43 million manat, compulsory state insurance of judges and law enforcement - 388.36 thousand manat, and old CTP - 446.87 thousand manat.
On the items included in the list of the new tariff, the situation is this: the compulsory insurance of civil liability of vehicle owners (new CTP) paid 1.73 million manat, compulsory property insurance - 189.33 thousand manat, liability of owners of property - 54.54 thousand manat. - 17D-
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- Question-answer
- 17 August 2012 14:22
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- Economics
- 17 August 2012 15:05
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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