Bank Of Baku

Azerbaijan’s insurance market expected to be tripled in perspective

Azerbaijan’s insurance market expected to be tripled in perspective
# 12 April 2011 11:33 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Total premiums of Azerbaijan-based insurers may be reached AZN 500 mln, in the mid-term perspective, Deputy Minister of Finance Azer Bayramov told APA.

According to him, the insurance payments in domestic market made AZN 50-60 mln, in 2010 and this number will be increased in the future: “The insurance premium made AZN 155 mln in 2010. I hope this number will be AZN 500 mln in the mid-term perspective”.
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