The Size of Insurance Payments Rose almost 1.5 Times
In January-August for all types of insurance companies were paid 58 million 873.05 thousand manats, which is 38.4% more than last year.
Voluntary insurance payments produced 48 million 897.2 thousand manat.
The greatest amount of compensation was in VHI - 25.12 million manat and vehicle insurance - 14.35 million manat, voluntary life insurance paid 2.79 million manat, travel insurance - 132.93 thousand manat.
Accident insurance paid 1.02 million manat, property insurance against fire and other risks - 2.14 million manat, insurance of waterways - 750.46 thsd AZN, aircraft insurance - 868.3 thousand manat (anti-record for all years). Cargo insurance paid 161.57 thsd AZN and voluntary liability insurance of vehicle owners - 147.9 thousand manat.
Voluntary insurance of civil liability for the conclusion of regulations paid 7.51 thsd AZN, general liability insurance - 126.12 thousand manat, and employers' liability insurance - 49.36 thsd manats.
For the death of livestock, as well as on the facts of crop offset it was paid 157.78 thousand manat, which against other types was encouraging.
Mandatory insurance generally paid on contracts 9.98 mln of compensation. In particular, the compulsory insurance of servicemen paid 5.01 million manat, compulsory state insurance judges and law enforcement - 405.92 thousand manat, and the old CTP paid 488.12 thousand manat.
By species, included in the list of the new tariff, the situation is this: the compulsory insurance of civil liability of vehicle owners (new CTP) paid 2.51 million manat, compulsory property insurance - AZN 344.18 thsd, mandatory fire insurance - 350 .7 thousand manat. -17D-
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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