Financial Market Chamber: Azerbaijan’s insurance market has grown almost by 50% for year

11:42 - 20.06.2018


June 20, Fineko/abc.az. The Financial Market Supervision Chamber of Azerbaijan has reported about serious growth of the insurance sector.

Addressing to the 6th Insurance Conference, Chamber’s executive director Ibrahim Alyshov stated that the formation of the macroeconomic environment in Azerbaijan caused growth of insurance fees.

"So, for the past 5 months the premiums of the insurance sector amounted to AZN 352 million that means a rise of 47% year-on-year. 73% of the premiums accounted for voluntary and 27% for compulsory insurance," Alyshov said.

 

 

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