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
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review