Voluntary insurance premiums also increased and exceed AZN 91 million


February 28, Fineko/abc.az. The insurance premiums for AZN 91.235 million were collected in Azerbaijan for the past month.

ABC.AZ reports that according to the Central Bank, the premiums increased by 25.7% compared with January 2019.

Over January 2020 the insurers paid compensations for AZN 19.226 million on voluntary insurance (by 78% more versus January 2019).

Life insurance premiums totaled AZN 16.244 million (17% of all insurance premiums) and compensations AZN 12.09 million (63% of all compensations).

All insurance companies’ premiums on both voluntary and compulsory insurance amounted to AZN 111.55 million (by 27% more against January 2019) and compensations AZN 26.185 million (53% more).