FIMSA unveils financial indicators on insurance sector for 9 months

15:12 - 29.10.2019


October 29, Fineko/abc.az. The Financial Markets Supervision Authority has published the indicators of the insurance sector for Jan-Sept 2019.

ABC.AZ informs that according to FIMSA, for the reported term the insurance companies operating in Azerbaijan gathered the premiums for AZN 522.5 million and paid compensations for AZN 201.7 million.

The voluntary insurance premiums amounted to AZN 351.7 million and compensation payments AZN 143.4 million. Over the reported period the premiums on the compulsory insurance totaled AZN 170.7 million and compensations AZN 58.3 million. Over the past 9 months of this year the share of voluntary insurance premiums made up 67.3% and compulsory insurance 32.7%.

71.1% of insurance compensations are formed at the expense of voluntary insurance and 28.9% at the expense of compulsory insurance.

By Elmir Murad

 

Вся лента