VHI has no equal in insurance premiums
In January-July, intensified endowment insurance. Of the total 40.67 million manat life insurance premiums accounted for 18.85 million this segment. On compulsory insurance against diseases and accidents at work has received 18.99 million manat. Other life insurance sector position look like - Contract for cases of incurable diseases brought 114,780 manat, in case of deaths allocated more - 2.71 million Branch It gave almost one-fifth (17.8%) of all the local insurance market premiums collected by contracts until August 1, 228.97 million manat.
In absolute terms leading voluntary health insurance (VHI), against the background of cooperation with the state oil company, "Pasha Sigorta" has become the undisputed leader. On it collected 43.34 million manat.
For voluntary insurance of cars (Hull) they received AZN 32.42 million, mandatory liability insurance of vehicle owners to third parties (the new CTP) - 37.95 million manat with the best growth rates for property insurance against fire - 20.32 million manat, cargo insurance - 8.73 million, aircraft insurance - 5.52 million manat.
The bulk of insurance premiums fell to voluntary insurance - 148.37 million manat. Without taking into account the aforementioned positions, insurance against accidents received 5.78 million manat, voluntary insurance of civil liability of owners of aircraft charges amounted to 1.79 million manat, insurance of ships - 928,280 manat.
Voluntary insurance of civil liability of vehicle owners received 1.35 million manat, foreign travel insurance - 951,440 manat for crop insurance - 269 800, for a pet - 281,740 manat, on other types of voluntary insurance - 834,010 manat (most of the cases of fraud by employees).
Also collected were voluntary premiums for items such as general liability insurance - 2.47 million manat, employer's liability - 794,030 manat, professional liability - 519,890 manat. The remaining positions are immaterial.
For compulsory insurance they got 80.6 million manat, leading to an increase of 12 million in just one month. Of them (except for the said new CTP) for compulsory military insurance collected 10.92 million manat on compulsory state insurance court officials and law enforcement - 4.79 million manat.
On compulsory insurance of property received 7.6 million manat on compulsory insurance of liability of owners of property - 224,040 manat, insurance of passengers brought 67,630 manats (in the first quarter of the graph was not filled). - 17D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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