Bank Of Baku

Azerbaijan increases life insurance market by 52%

Azerbaijan increases life insurance market by 52%
# 13 June 2014 12:02 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. 27% or AZN 50 mln of insurance premiums collected in January-May, 2014 came from life insurance, up 52% or AZN 17 mln from previous year.

 

51.7% or AZN 25.8 mln of premiums came from living insurance, 35% or AZN 17.5 mln from insurance against accidents at work, 13.3% or AZN 6.6 mln from death insurance, AZN 34,000 from insurance of incurable diseases.

 

Payments on life insurance made AZN 2.9 mln, up AZN 1.2 mln or 73% from previous year. 56.4% or AZN 1.65 mln went to living insurance, 30.9% or AZN 0.9 mln to insurance against accidents at work, 12.7% or AZN 370,000 to death insurance.

 

 

 

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