The apparent dominance of corporate insurance compulsory
BAKU/16.12.13/Turan : In January-November intensified voluntary savings insurance against risk to life and health . Total of 63.82 million manat life insurance premiums accounted for 35.69 million in this segment.
On compulsory insurance against diseases and accidents at work received 22.98 million manat . Some other items life insurance sector look like - Contract for cases of incurable diseases brought 136,73 AZN in case of deaths allocated much more - 5.02 million in aggregate direction gave a sixth part (17.3% ) of all premiums the local insurance market , gathered under contracts before November 1 368.88 million manat .
In absolute terms the new CTP leader and not a traditional voluntary health insurance (VHI ) from 57.1 million manat against the background of cooperation with the state oil company "Pasha Sigorta". On mandatory liability insurance of vehicle owners to third parties collected 65.23 million ( 6.95 million per month ) with the prospect of a thorough manat Overtake main competitor by traffic police .
Voluntary insurance (Hull) for cars collected 51.81 million manat . By the activity of the MES in the leg is the insurance of property against fire - 40.96 million manat. These four ( excluding sector life insurance) provided more than half of delivery premiums ( 58.3%) of all of the insurance market .
Followed by less assimilated types - insurance aircraft collected 11.21 million , cargo insurance - 14.11 million manat .
The main part of the insurance premiums accounted for voluntary insurance - 242.85 million manat. Without taking into account the aforementioned positions , insurance against accidents received 9.86 million manat, voluntary insurance of civil liability of aircraft owners fees totaled 3.66 million manat, insurance ships - 1.27 million manat.
Voluntary insurance of civil liability of vehicle owners received 1.91 million manat , insurance for foreign travel - 1.75 million manat, crop insurance - 459.15 thousand at Pet - 455.05 AZN for other types of voluntary insurance - 1.04 million ( most of the cases of fraud by employees).
Collected as voluntary premium for items such as general liability insurance - 4.19 million manat, employer's liability - 1.35 million manat, professional liability - 534.35 thousand manats. The remaining positions are irrelevant .
Compulsory insurance collected 126.03 million manat, leading to an increase of 12 million in just one month - mainly due to the new CTP . Excluding basic position on compulsory insurance of servicemen collected 15.6 million manat, compulsory insurance of court employees and law enforcement - 9.44 million manat.
On compulsory insurance of property received 12.25 million manat on compulsory insurance of liability of owners of property - 332.3 thousand manats. Insurance of passengers brought 75.29 AZN ( reason for the lag - no real impact on the mechanism of the bus companies ) . - 17D-
Economics
-
President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
-
Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
-
Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
-
The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
Leave a review