Azerbaijan’s insurers gathered premiums for AZN 728 million and paid compensations for AZN 240 million in 2018

11:06 - 28.01.2019


January 28, Fineko/abc.az. Azerbaijani insurance companies collected premiums for AZN 728 million and paid compensations for AZN 240.3 million.

The Financial Markets Supervision Chamber reports that premiums totaled AZN 536.2 million and paid compensations AZN 172.5 million on voluntary insurance.

"Premiums on compulsory insurance amounted to AZN 191.8 million and compensations AZN 67.8 million. 73.7% of insurance market premiums accounted for voluntary insurance and 26.3% for compulsory insurance, while 71.8% of paid compensations accounted for voluntary and 28.2% for compulsory insurance," the Chamber said.

Azerbaijan is numbering 21 insurance and 1 reinsurance companies.

 

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