Bank Of Baku

Azerbaijan-based insurers collect AZN 88.6 mln insurance premiums

Azerbaijan-based insurers collect AZN 88.6 mln insurance premiums
# 19 August 2010 11:23 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based insurers collected AZN 88.562 mln insurance premiums during January-July, 2010.

Ministry of Finance says the paid insurance claims made AZN 26.815 mln. AZN 0.853 mln of premiums came from life insurance, AZN 69.806 mln from non-ife insurance, AZN 17.902 mln from compulsory insurance types.

The payments went to life insurance (AZN 0.219 mln), non-life insurance (AZN 21.792 mln) and compulsory insurance types (AZN 4.803 mln).

The most of premiums came from Health Insurance (AZN 15.609 mln), motor vehicles (AZN 18.682 mln), Fire insurance (AZN 10.179 mln), Air insurance (AZN 7.483 mln), compulsory insurance of Military servicemen (AZN 7.919 mln).

The payments went to Health Insurance (AZN 9.939 mln), Motor vehicles (AZN 8.337mln) and compulsory insurance of military servicemen (AZN 3.877) mln.

There are 27 insurance companies in Azerbaijan.
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