This type of insurance observed decline on both premiums and compensation payments

18:06 - 2.12.2020

December 2, Fineko/abc.az. The data has been published on the premiums on compulsory civil liability insurance of motor vehicle owners in Azerbaijan for the past 10 months of this year.

ABC.AZ reports with reference to the Central Bank that premiums on this type of insurance totaled AZN 78.77 million and compensations were paid for AZN 47.019 million for Jan-Oct 2020. So, compared with Jan-Oct 2019, the premiums decreased by 6.7% and compensation payments by 14.3% on this kind of insurance.

By Elmir Murad

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