Bank Of Baku

Forecast: Azerbaijan’s insurance market will increase by 41% this year

Forecast: Azerbaijan’s insurance market will increase by 41% this year
# 27 November 2012 14:43 (UTC +04:00)

 

 

According to him, share of compulsory insurance premiums in total insurance charges will make 30-35% by the year-end: “Locomotive of insurance market was compulsory insurance. In turn, it supported development of voluntary insurance types“.

 

Khalilov said the growth potential of compulsory insurance will be stabilized next year: “We think about development of other profitable insurance products through existing customer market. The insurance market is expected to rise next year”. 

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