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Azerbaijan sees rise in premiums on real estate compulsory insurance in July


In July 2017, 8,076 insurance contracts were signed on real estate compulsory insurance, down 26% in comparison with a year ago.

 

According to Compulsory Insurance Bureau (CIB), premiums from this type of insurance made up AZN 1,282,916, up 5% from previous year. 6,062 of contracts were signed on residential houses and apartments, 15 on administrative buildings, 1,999 on other real estates.

 

In July 167 contracts were signed on compulsory insurance of civil liability on exploitation of real estate and 28 on compulsory personal accident insurance of passengers.

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