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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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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.
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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.
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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.
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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.
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