Bank Of Baku

Azerbaijan sees 34% decline in voluntary automobile insurance market

Azerbaijan sees 34% decline in voluntary automobile insurance market
# 13 June 2014 13:43 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. In January-May, the voluntary automobile insurance market in azerbaijan declined 34%, said the chairman of the Azerbaijan Insurers Association Orkhan Bayramov.

 

According to him, premiums on casco insurance dropped 34% to AZN 14.4 mln.

 

Charges on compulsory insurance of civil liabilities of vehicle owners slipped 8% to AZN 25.2 mln.

 

 

 

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