Azerbaijan collects over AZN 334,000 from real estate compulsory insurance

Azerbaijan collects over AZN 334,000 from real estate compulsory insurance
# 06 January 2015 13:57 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. In 2014, 4,283 contracts were signed on compulsory civil liability insurance related to exploitation of real property.

According to Compulsory Insurance Bureau, insurance premiums on those contracts amounted to AZN 334,440.

Compared to 2013, number of contracts fell 15.15%, insurance premiums – 11.68%.

2,672 of the signed contracts were related to legal entities, 1,611 to individuals engaging in business without establishing legal entity status.

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