Growth observed on another type of insurance for Jan-May


July 9, Fineko/abc.az. Over the first 5 months of 2020 Azerbaijan recorded an increase of 127% in the premiums on insurance of farm animals against the indicator for Jan-May 2019, ABC.AZ was informed at the Azerbaijan Insurers Association.

During this period 7-fold growth was observed on the insurance of agricultural products. It should be noted that agricultural insurance is a mechanism for compensating losses and protecting farmers' income from natural disasters or other causes.