Insurance premiums collected by insurance companies

17:56 - 7.02.2020


February 7, Fineko/abc.az. Last year the insurance companies collected premiums for AZN 681.1 million and paid compensations for AZN 301.5 million.

ABC.AZ reports with reference to the Central Bank that voluntary insurance premiums totaled AZN 456.6 million and compensation payments AZN 220.9 million, while mandatory insurance premiums AZN 224.5 million and compensation payments AZN 80.6 million for 2019.

In general, the insurance companies gathered AZN 43.4 million of premiums and paid AZN 5.4 million of compensations on compulsory real estate insurance; premiums for AZN 100.4 million and paid compensations for AZN 67.2 million on compulsory insurance of civil liability of motor vehicle owners. In total, AZN 176.4 million of premiums were collected and paid compensation reached AZN 77.5 million on types of insurance not relating to life insurance.

 

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