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Azerbaijan sees 75% rise in living insurance, 35% decline in casco insurance

16 July 2014 15:45 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. Azerbaijan Insurers Association told APA-Economics that the premiums on death insurance rose 3.55 times to AZN 8 mln. Premiums on insurance civil liabilities on civil-law contract rose 2.2 times to AZN 395,000.

Premiums on living insurance soared 75% to AZN 29 mln, health insurance – 5.4% to ANZ 42.6 mln, insurance against accidents at work – surged 7.1% to AZN 18.9 mln, compulsory insurance of real estate – grew 29% to AZN 8.5 mln, compulsory insurance civil liability on exploitation of real estate – climbed 25% to AZN 222,000, compulsory insurance of passengers against personal accident gained 22.7% to settle at AZN 83,700.

Premiums on insurance against falsification of money and monetary documents dropped 100%, insurance of civil liability of carrier fell 6.65 times to AZN 935.

Charges from incurable diseases insurance slipped 22.7% to AZN 85,000, property fire insurance dropped 5% to AZN 16,900, casco insurance declined up to 35% to AZN 17.3 mln, insurance of water transport facilities went down by three times to AZ 290,000, credit insurance slid 3.55 times to AZN 15,100, compulsory insurance of civil liabilities of vehicle owners sank 7% to AZN 30.1 mln.

Payments on insurance of water transport facilities rose 180 times to AZN 94,000, on death insurance soared 2.96 times to AZN 411,000.

Payments on living insurance rose 60% to AZN 19.3 mln, health insurance grew 5% to AZN 23 mln, property fire insurance surged 2.88 times to AZN 5.8 mln, casco insurance increased 6.5% to AZN 13.2 mln, insurance against accidents at work – climbed 80% to AZN 11.4 mln, compulsory insurance of real estate – rose 21% to AZN 1 mln, compulsory insurance of civil liabilities of vehicle owners grew 14.3% to AZN 13.2 mln.