Bank Of Baku

Azerbaijan collects AZN 60 mln on compulsory vehicle insurance since early 2014

Azerbaijan collects AZN 60 mln on compulsory vehicle insurance since early 2014
# 04 November 2014 14:00 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. In October, 2014, 92,149 vehicles were compulsorily insured in Azerbaijan.

 

According to Compulsory Insurance Bureau, 19,800 of these vehicles were registered in abroad and entered Azerbaijan for transit.  

 

Insurance premiums on compulsory insurance contracts exceeded AZN 7.4 mln, down 27.2% from previous year. Number of contracts also fell 26.14%.

 

Totally, over 780,000 insurance contracts were signed on compulsory insurance civil liability of vehicle owners during 10 months and premiums amounted to AZN 59.1 mln.

 

Insurance contracts rose 0.72%, insurance premiums raised 0.26%.

 

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