Azerbaijani insurers collected AZN 396 million for 1st half of 2018

13:16 - 13.07.2018


July 13, Fineko/abc.az. Over Jan-Jun the insurance companies of Azerbaijan gathered premiums for AZN 396.37 million and paid compensations for AZN 119.3 million.

Financial Market Supervision Chamber (Fimsa) reports that premiums on voluntary insurance totaled AZN 286.8 million, compensation payments AZN 87.1 million, while premiums on compulsory insurance amounted to AZN 109.5 million and compensation payments AZN 32.19 million.

"72% of premiums accounted for voluntary insurance and 28% for compulsory insurance, while 73% of compensation payments related to voluntary and 27% to compulsory insurance," Fimsa informed.

Azerbaijan is numbering 21 insurance companies and one reinsurance company.

 

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