Both premiums and compensation payments reduced on this type of insurance


October 27, Fineko/abc.az. Azerbaijan accumulated premiums for AZN 70.78 million on compulsory civil liability insurance of motor vehicle owners for Jan-Sept 2020.

ABC.AZ reports with reference to the Central Bank that compensations for AZN 42,221 were paid on the same type of insurance for the reported term.

Thus, compared with Jan-Sept 2019, the premiums and paid compensations on this kind of insurance decreased by 7.1% and 13.3% respectively.