insurance
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Azerbaijan's insurance sector had assets worth AZN 1,804 million at the end of 2023. This is stated in the report on the government's activities for last year.
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The Central Bank of Azerbaijan has published an insurance review on the results of January-February 2024.
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The insurance sector in Azerbaijan is experiencing a notable surge in activity, marking a significant departure from the sluggish performance witnessed in the preceding year. In the first two months o...
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The Central Bank of Azerbaijan has suspended licences issued to 32 insurance agents and 2 insurance brokers for 3 months. This is reported on the CBA website.
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In January-February 2024, revenues from unemployment insurance premiums in Azerbaijan amounted to 29.7 million manats. This was reported by the State Tax Service under the Ministry of Economy.
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In January-February 2024 revenues from contributions to compulsory state social insurance in Azerbaijan amounted to 862.8 million manats. This was reported by the State Tax Service under the Minist...
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In January 2024, Azerbaijani insurers directed 27.9% of their collected insurance premiums to insurance payments.
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The insurance sector in Azerbaijan demonstrated continued resilience and growth momentum in January 2024, with premiums collected by insurance companies reaching 139 million 113.5 thousand manats, mar...