This insurance premiums increased by 6.5%

14:24 - 27.11.2023


November 27, Fineko/abc.az. Azerbaijan has reported growth of premiums and compensation payments on civil liability insurance for Jan-Oct 2023.

ABC.AZ reports that over the past months of this year the premiums on this type of insurance amounted to 21,630 manats (1,328 manats or 6.5% more versus Jan-Oct 2022 - 20,310 manats).

Over the past 10 months of 2023, compensations on this type of insurance were paid for 137,000 manats (48,000 manats or 54.6% more versus Jan-Oct 2022 – 88,000 manats.

The loss for Jan-Oct 2023 made up 0.6% (0.2% more than year-on-year). The loss for the 2022 same period reached 0.4%.

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