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Azerbaijan-based insurers’ premiums exceed AZN 414M


In January-September 2017 Azerbaijan-based 22 insurers (excluding AzRe reinsurer) collected AZN 414,353,000.

 

According to Financial Markets Supervisory Authority, the payments amounted to AZN 188,580,000.

 

In the reporting period, AZN 45.5 of each AZN 100 insurance premium was directed to payment of the compensation. This figure was AZN 42.7 in 2016.

 

Premiums on voluntary insurance market rose AZN 30,861,000 to AZN 281,648,000, payments increased by AZN 22,302,000 to AZN 147,726,000.

 

Premiums on compulsory insurance market fell AZN 6,846,000 to AZN 132,705,000, payments dropped AZN 649,000 to AZN 40,854,000.

 

 

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