Premiums from compulsory insurance of cars in Azerbaijan exceed AZN 5 mln

Premiums from compulsory insurance of cars in Azerbaijan exceed AZN 5 mln
# 02 July 2014 12:10 (UTC +04:00)

Baku. Agshin Rafigoglu – APA. In June, 2014, 69,440 vehicles were involved in compulsory insurance.

According to Compulsory Insurance Bureau, nearly 20,000 of these vehicles were registered abroad and brought to Azerbaijan for transit.

Premiums on compulsory insurance contracts exceeded AZN 5 mln. Number of contracts rose 1.4%, premiums declined 2.28%.

Totally, over 416,000 (-5.03%) insurance contracts were signed during 6 months of 2014 and premiums made AZN 32.2 mln (-6.39%).

Average insurance fee is AZN 73, down 2.75 from previous year.

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