The license for professional activity of another insurance company has been suspended. According to the website of the State Insurance Supervision Service under the Ministry of Finance, it is Bashak Inam Sigorta.
The order of the Minister of Finance shows as the cause the discrepancy of the level of the insurer’s aggregate capital with the minimum requirements.
Bashak Inam Sigorta was established in 1996. The authorized capital is equal to 6 million manat. In January-September this year, its premiums totaled 2,282,700 with payments of 907,000 manat. --17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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