
Twelve members of the ISB accumulated 74,000,000 manat premiums
By 1 September twelve insurers-members of the Bureau of compulsory insurance (ISB) collected in the framework of the law "On compulsory types of insurance" 74,157,670 manats (+ 29.1% compared to January-August last year.)
According to the data accumulating structure, most of the premiums was collected under insurance (53 million 14.780 manat) on compulsory insurance of immovable property belonging to individuals, 20. 799.330 manats (82, 3%) were collected.
Additional 258.093 manat come from public liability insurance while exploiting the real estate, insurance of passengers replenished the treasury is not essential - to 84.630 manat (minus 2.1%.)
Bureau of compulsory insurance was established in the framework of the law "On compulsory types of insurance". It includes 15 domestic insurers, 12 of which provide the above mentioned services.
The law applies to four types of insurance: compulsory insurance of motor third party liability (MTPL) insurance, real estate, civil liability in the operation of real estate, insurance of passengers.
The membership fee to the Bureau amounts 200,000 manat. The size of a single deposit insurers for property and liability for it is 100,000 manat. For those interested in insurance under the insurance and the insurance of passengers, a one-time deposit is 200,000 manats. --17D-
Economics
-
Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
-
Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
-
Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
-
Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
Leave a review