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Insurance premiums amount to AZN 557M last year


Azerbaijan-based insurance companies collected AZN 556,866,578 premiums in January-December 2017.  

 

According to Financial Markets Supervisory Authority, the insurance payments amounted to AZN 257,109,597.

 

In the reporting period, AZN 46.2 of each AZN 100 insurance premium was directed to payment of the compensation. This figure was AZN 48.8 in 2016.

 

Premiums on voluntary insurance market stood at AZN 375,231,000, payments at AZN 199,425,000.

 

 

 

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