Bank Of Baku

Azerbaijan’s real estate insurance market increases by 32%

Azerbaijan’s real estate insurance market increases by 32%
# 29 December 2011 10:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In January-November, 2011, AZN 107.501 mln insurance premium was collected on real estate insurance type, up 32% from year earlier.

According to APA-Economics, the payments on insurance accidents on property insurance rose 33% to AZN 28.188 mln.

AZN 25.487 mln was collected on Property Fire Insurance, up 26% from previous year. Besides, AZN 7.136 mln came from Property Fire Compulsory Insurance.

Most of charges on property insurance were collected by AXA MBASK, Ateshgah Insurance, Azersigorta, AzSigorta and International Insurance Company.

Remind that, total inflows of insurance companies in Azerbaijan made AZN 193.111 mln, payments – AZN 55.948 mln.
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