Baku. Musa Ahmadov - APA-Economics. The serious growth in the insurance types in January-August, 2015, was recorded in the water transport facilities insurance.
According to Azerbaijan Insurers Association Orkhan Bayramov, the premiums from this type of insurance rose 7 times to AZN 2.2 mln. Moreover, premiums in insurance of professional responsibility increased 5.5 times to AZN 750,000, loan insurance raised 3.4 times to AZN 560,000.
Premiums from endowment insurance grew 28.8% to AZN 46.5 mln, insurance against incurable diseases 56.4% to AZN 436,000, heal insurance 0.5% to AZN 50.1 mln, travel insurance 7.2% to AZN 1.5 mln, property insurance against fire and other perils 0.1% to AZN 20.7 mln, voluntary insurance of civil liabilities of vehicle owners 28.3% to AZN 827,000, insurance against accidents at work 14.2% to AZN 25.5 mln, compulsory real estate insurance 75.8% to AZN 20.5 mln, compulsory automobile insurance 16.1% to AZN 52.7 mln.
Premiums in title and mortgage insurances descended 100%. Moreover, premium in insurance of civil liability of carrier fell 62.5% to AZN 1,200.
Premiums from death insurance fell 22.7% to AZN 8.5 mln, personal accident and sickness (medical) insurance 18.8% to AZN 6.1 mln, voluntary automobile insurance 16% to AZN 20.5 mln, compulsory civil liability insurance related to exploitation of real estate 3.2% to AZN 266,000, compulsory personal accident insurance of passengers 2.4% to AZN 83,000.
The most serious growth in the insurance payments was recorded in the loan insurance. These payments increased 35.1 times to AZN 121,000 mln. Moreover, payment on agricultural plants insurance rose 2.7 times to AZN 61,000, death insurance went up 2.4 times to AZN 1.6 mln.
Payments in endowment insurance surged 65.7% to AZN 29.6 mln, insurance against incurable diseases 9.6% to AZN 13,700, health insurance 6.2% to AZN 33.2 mln, compulsory automobile insurance 12.7% to AZN 21.3 mln.
Most decline in insurance payments was recorded in insurance of air and water transport facilities, fraudulent acts of employees and compulsory fire insurance. Payments on these types dropped 100%. Moreover, payment for insurance of professional liability slid 89% to AZN 1,500, compulsory insurance of civil liability of vehicle owners 83.9% to AZN 2,000.
Payments on personal accident and sickness (medical) insurance fell 12.8% to AZN 762,000, travel insurance descended 15.4% to AZN 126,000, property insurance against fire and other perils 21.4% to AZN 4.7 mln, casco insurance 9.4% to AZN 16.3 mln, voluntary insurance of civil liabilities of vehicle owners 69.6% to AZN 125,000, insurance against accidents at work rose 16.1% to AZN 1.6 mln, compulsory real estate insurance slid 47% to AZN 740,000, compulsory civil liability insurance related to exploitation of real estate slipped 75.4% to AZN 897,000.
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