Bank Of Baku

Azerbaijan’s real estate insurance market rises 30%

Azerbaijan’s real estate insurance market rises 30%
# 13 January 2012 11:01 (UTC +04:00)
During the reporting period, the volume of insurance payments on insurance events increased by 15% to AZN 30.516 million.

During the reporting period, AZN 29.757 million were collected on “Property insurance against fire and other risks”, up 30% compared to 2010. The share of this type of insurance in total insurance premiums grew by 25%.

The share of “Compulsory insurance of property against fire” had AZN 7.115 million contributions, and the rest - the share of other types of property insurance.

The monitoring results showed that the greatest contributions of property insurance fell to the share of AXA Mbask, Ateshgah Sigorta, Standard Insurance, Azersigorta, AzSigorta, International Insurance Company.

Remind that, in 2011, the total volume of premiums in the country amounted to AZN 212.982 million, payments - AZN 61.567 million.
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