Baku / 26.09.17 / Turan: During the first eight months, the insurance companies' fees totaled AZN 368.92 million, which is 3.6% more than it was in the same period in 2016.
The report of the Financial Market Supervision Authority says the payments of insurers for the reporting period amounted to 167.06 million manat, which is 22.1% more than it was in the same period last year.
Voluntary insurance fees increased by 11.7%, (252.98 million manat), and payments - by 30.5%, (130.75 million manat).
For compulsory types of insurance, company fees decreased by 10.5%, amounting to almost 115.94 million manat, and payments - by 0.7% - up to 36.31 million manat. -71D-
Finance
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The Central Bank of Azerbaijan has announced a review of insurance on the results of January-October 2024.
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The Board of the Central Bank of Azerbaijan has approved ‘Rules of prudential regulation of activity of non-bank credit organisations’.
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In 2025 the revenues and expenditures of the Mandatory Health Insurance Fund will make up about AZN 3 billion.
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In 2025, President Ilham Aliyev's Reserve Fund will again remain unchanged and will be AZN 300 million. This is stated in the draft law ‘On State Budget for 2025’.
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