The Office of Compulsory Insurance only for compulsory liability insurance of vehicle owners (new CTP) can collect more than 70 million manat of premiums.
The chief of the State Insurance Supervision Service of the Finance Ministry Namik Khalilov said the prediction is realistic, because for 10 months for this type they already collected 62 million manats (over 6 million per month).
According to him, the presumed premiums are above the amount projected in the early year. Today CTP are entitled to 11 out of 12 local insurance companies - the Office of Compulsory Insurance.
Sale of new policies on CTP started from December 16 last year. The Office of Compulsory Insurance was created in the framework of implementation of the law "On compulsory types of insurance." - 17D-
Economics
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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.
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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.
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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.
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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.
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