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Types of insurance with increased and reduced payments

06.08.2020,12:31


August 6, Fineko/abc.az. The Center for Analysis of Economic Reforms & Communications has presented an overview of the insurance market over the first half of 2020.

ABC.AZ reports that for the reported term 67% of the total premiums were received from voluntary and 33% from mandatory types of insurance.

As for the dynamics, there was an increase of about 7% on compulsory and 13% on voluntary insurance.

Mandatory insurance compensation payments decreased by 8%, while voluntary payments grew by 85%.