Azerbaijan sees decline in June’s premiums on real estate compulsory insurance

Azerbaijan sees decline in June’s premiums on real estate compulsory insurance
# 06 July 2017 08:41 (UTC +04:00)

In June 2017, 7,036 insurance contracts were signed on real estate compulsory insurance, down 40% in comparison with a year ago.

According to Compulsory Insurance Bureau (CIB), premiums from this type of insurance made up AZN 2,808,636, down 33% from previous year. 5,038 of contracts were signed on residential houses and apartments, 22 on administrative buildings, 1,976 on other real estates.

In June 163 contracts were signed on compulsory insurance of civil liability on exploitation of real estate and 3 on compulsory personal accident insurance of passengers.

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