50% of Azerbaijan’s insurance market is property insurance

50% of Azerbaijan’s insurance market is property insurance
# 26 September 2011 14:00 (UTC +04:00)
Baku. Elnur HUseynguluyev – APA-Economics. Azerbaijan has collected AZN 14.839 mln insurance premiums on compulsory insurance of ability loss due to industrial accidents and occupational diseases during January-August, 2011 and this makes 11% of total insurance charges at the market.

State Insurance Control Service says AZN 141.327 thousand was paid for insurance risks on this type.

Besides, AZN 67.184 mln insurance premiums have been collected and AZN 16.543 mln payments were paid on property insurance.

Note that, 28 insurance companies have collected AZN 134.437 mln insurance premium during January-August, 2011. AZN 36.318 mln insurance payments were implemented, during the same period.
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