All the local insurance market in January-October on compulsory premiums collected on the total amount of 107,440,420 AZN. Share their weight is 38.1%, as of 1 November last year - 25.3%.
Just a quarter ago, the ratio was 29 to 71%, which indicates an increase of the insurance agents of the Bureau of Compulsory Insurance. It should be noted a downward trend in activity in the property insurance. Experts predict the end of the year, the percentage ratio of voluntary and mandatory awards of 60 to 40.
According to the State Insurance Supervision Service of the Ministry of Finance, most of the mentioned prizes - for compulsory civil liability insurance of vehicle owners to third parties (CTP for the new rates) - 62,500,800 manats. This species is also a leader in the full range of premiums.
Compulsory insurance of individual real estate companies brought in ten months 8 million 976,750 manat. On liability insurance for operation of real estate there was received 242,160 manat and on insurance of passengers - 122,290 manat. - 17D-
Economics
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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International Energy Agency (IEA) Executive Director Fatih Biröl underscored the importance of tripling global renewable energy capacity by 2030 and doubling energy efficiency during his remarks at a ministerial meeting in Baku on Friday, emphasizing that these issues would be central to discussions at COP 29.
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During COP29, the Ministerial Meeting on Climate and Innovation Dialogue of the United Nations Special Programme for the Economies of Central Asia (SPECA) marked a milestone with the signing of a declaration to establish the SPECA Climate and Innovation Dialogue and the launch of the SPECA Multilateral Trust Fund.
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Kazakhstan's Vice Minister of Energy, Ilyas Bakhytzhan, highlighted the ambitious sustainability and environmental security plans shared by Central Asian countries and Azerbaijan during a joint event with IRENA and Azerbaijan's Ministry of Energy at COP29.
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