Fees and payments on compulsory real estate insurance increased

17:50 - 22.11.2023


November 22, Fineko/abc.az. The fees and payments on compulsory real estate insurance have increased in Azerbaijan, ABC.AZ informs, referring to the Central Bank.

So, over Jan-Oct 2023, the fees on this type of insurance amounted to 68,665 manats (22,977 manats or 50.3% more versus Jan-Oct 2022).

These types of insurance payments amounted to 5,242 manats (4,279 manats or 5.4-fold more than a year earlier – 963,000 manats.

The loss rate for the year increased by 5.5% and made up 7.6%. For the same period of 2022, the loss rate was 2.1%.

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