Finance

Home page

Finance

Azerbaijan-based insurers take AZN 123 million in proceeds during January-August

29 September 2009 16:13 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-ECONOMICS. Azerbaijan-based insurance companies earned AZN 122.67 million in premiums and paid AZN 33.94 million for insurance claims during January-August, said the Ministry of Finance.

According to statistics, premiums came AZN 0.532 million from life insurance, AZN 101.211 million from nonlife insurance and AZN 20.927 million from compulsory insurance.

Claims came AZN 0.307 million from life insurance, AZN 26.028 million from nonlife insurance and AZN 7.605 million from compulsory insurance.

Premiums most came from vehicle insurance (AZN 20.498 million), civil liability insurance (AZN 20.188 million), health insurance (AZN 12.876 million) etc.

Payment for insurance claims most went to vehicle insurance (AZN 10.769 million), health insurance (AZN 8.653 million) and military servicemen compulsory personal insurance (AZN 6.601 million).

There are 28 insurance companies in Azerbaijan.