Baku. Musa Ahmadov - APA-Economics. Azerbaijan’s insurance market is expected to rise 6-9% by the end of 2014, said the Chairman of Azerbaijan Insurers Association Orkhan Bayramov.
According to him, compared to a year earlier, the insurance premiums rose 6.6%, insurance payments – 33%.
The payments exceed premiums by 6 times.
Bayramov added that the payments in life insurers increased due to long-term contracts: “When the contracts expire, the payments are done”.
Ateshgah Life has done such payments. PASHA Life and Gala Life also will do these payments after some months.
According to him, quick rise n life market will continue till mid of 2015.
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