Mandatory real estate insurance observed growth

12:57 - 8.06.2020


June 8, Fineko/abc.az. There is a serious growth in the product of compulsory real estate insurance.

ABC.AZ was informed at the Association of Insurers of Azerbaijan that the difficulties appeared in connection with numerous fires and natural disasters that occurred on the territory of the country in the past year, once again stressed the importance of property insurance.

Since December 2019 various events have been held by insurance companies to increase the public's interest in compulsory real estate insurance - events were organized, promo materials were prepared, commercials were shot, etc.

The trend continued until the 1st quarter of 2020, as a result of which, compared with the same period in 2019, there was an increase in premiums by 95% for the first 3 months of this year.

 

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