Azerbaijan-based insurers’ premiums exceed AZN 504.2M

Azerbaijan-based insurers’ premiums exceed AZN 504.2M
# 18 December 2017 12:56 (UTC +04:00)

In January-November 2017 Azerbaijan-based 21 insurers collected AZN 504,234,798.

According to Financial Markets Supervisory Authority, the payments amounted to AZN 230,880,320.

In the reporting period, AZN 45.79 of each AZN 100 insurance premium was directed to payment of the compensation. This figure was AZN 48.61 in 2016.

Premiums on voluntary insurance market rose AZN 44,960,000 to AZN 335,764,000, payments increased by AZN 13,688,000 to AZN 179,720,000.

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THE OPERATION IS BEING PERFORMED