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Azerbaijan sees decline in premiums on real estate compulsory insurance

Azerbaijan sees decline in premiums on real estate compulsory insurance

01 June 2016 10:59 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. In May 2016, 6,458 insurance contracts were signed on real estate compulsory insurance, down 55% in comparison with a year ago.

According to Compulsory Insurance Bureau, premiums from this type of insurance made over AZN 1.7 mln, down 22% from previous year. 61.7% of contracts were signed on residential houses and apartments, 0.7% on administrative buildings, 37.6% on other real estates.

251 contracts were signed on compulsory insurance of civil liability on exploitation of real estate (premiums – AZN 19,710) and 1 on compulsory personal accident insurance of passengers (AZN 400).

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