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Azerbaijan sees 10% rise in insurance market last year


Azerbaijan-based insurers collected AZN 486,740,000 premiums in 2016, up 9.68% or AZN 42,855,000 from previous year, the Financial Markets Supervisory Authority told APA-Economics.

 

Insurance payments in the reporting period rose AZN 57,009,000 or 31.63% toAZN 237,250,616.

 

 

In the reporting period, AZN 48.8 was paid for each AZN 100 insurance premium, while it was AZN 40.7 in 2015.

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