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Azerbaijan sees decline in premiums on real estate compulsory insurance


In January 2017, 7,535 insurance contracts were signed on real estate compulsory insurance, up 43% in comparison with a year ago.

 

According to Compulsory Insurance Bureau (CIB), premiums from this type of insurance made up AZN 2.6 million, down 55% from previous year. 69.7% of contracts were signed on residential houses and apartments, 0.4% on administrative buildings, 29.9% on other real estates.

 

In January 557 contracts were signed on compulsory insurance of civil liability on exploitation of real estate and 6 on compulsory personal accident insurance of passengers.

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