![The share of Pasha Hayat Sigorta - more than a third of total life insurance premiums](https://turan.az/resized/./turan-750-500-resize.webp)
The share of Pasha Hayat Sigorta - more than a third of total life insurance premiums
Insurance company Pasha Hayat Sigorta has topped a third of the total life insurance premiums in the market.
At a press conference, Deputy Chairman of the Board Niyaz Ismailov said in January-October, they collected premiums of AZN 12.46 million (36% share of the niche market).
"Pasha Hayat's awards for the same period last year increased by 4.94 million manat, or 66%," said N. Ismailov. Meanwhile payments amounted to about 252 thousand manats, with annual growth of more than 3 times.
The structure of the portfolio changed. While they previously specialized in compulsory insurance against accidents at work (90% of the fees), now this segment accounts for just over two-thirds (70%) of the revenue. This means that the company has made a U-turn in the direction of individual customers without losing the corporate bonds.
Before the end of the year there is almost a month, and during that time, the company will bring the total level of premiums to 14 million manat (last year there were 8 million manat).
At the local insurance market there are 3 companies specializing in life insurance (Ateshgah Hayat Sigorta, Pasha Hayat Sigorta and Qala Hayat Sigorta). - 17D-
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review