Bank Of Baku

Number of insurance contracts decline 17%, in insurance premiums 19% in April, Azerbaijan

Number of insurance contracts decline 17%, in insurance premiums 19% in April, Azerbaijan
# 02 May 2014 08:59 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In April, 2014, 94,952 vehicle were involved in compulsory insurance in Azerbaijan.

 

According to Compulsory Insurance Bureau, nearly 17,000 of these cars were registered in e foreign country and entered Azerbaijan for transit. The insurance premiums on insurance contracts exceeded AZN 6.7 mln. Number of insurance contracts decreased 16.9%, sum of insurance premiums – 18.9%.

 

Average insurance premium made AZN 71.3, down AZN 1.75 from previous year.

 

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