Azerbaijan sees growth in premiums on real estate compulsory insurance

Azerbaijan sees growth in premiums on real estate compulsory insurance
  • Clock-gray 12:18
  • calendar-gray 03 March 2017

In February 2017, 6,329 insurance contracts were signed on real estate compulsory insurance, up 7.2% in comparison with a year ago.

 

According to Compulsory Insurance Bureau (CIB), premiums from this type of insurance made up AZN 1,265,386, up 67.4% from previous year. 4,140 of contracts were signed on residential houses and apartments, 26 on administrative buildings, 2,163 on other real estates.

 

In January 197 contracts were signed on compulsory insurance of civil liability on exploitation of real estate and 6 on compulsory personal accident insurance of passengers.

 

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