Bank Of Baku

Azerbaijan sees 77% rise in premiums on compulsory vehicle insurance

Azerbaijan sees 77% rise in premiums on compulsory vehicle insurance
# 04 April 2016 08:55 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. In March 2016, 109,842 contracts were registered on compulsory vehicle insurance in Azerbaijan, up 59.1% from previous year.

 

According to CIB, of this, 11,004 were registered abroad and entered Azerbaijan for transit.

 

During the same period, the premiums on these contracts amounted to AZN 9.5 mln, up 76.8% in comparison to a year earlier. 

 

Totally, 240,176 contracts were signed in January-March 2016, up 21%. Premiums increased 31% to AZN 20.1 mln.  

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