Azerbaijan sees rise in compulsory insurance of automobiles

Azerbaijan sees rise in compulsory insurance of automobiles
  • Clock-gray 12:38
  • calendar-gray 13 July 2018

In January-June 2018, insurance premiums on compulsory insurance of civil liability of vehicle owners amounted to AZN 44,524,400, up AZN 9,598,300 or 27.48% in comparison to January-May 2018, Compulsory Insurance Bureau of Azerbaijan (CIB) said.

 

Payments on compulsory insurance of civil liability of vehicle owners amounted to AZN 24,076,200, up AZN 3,738,200 or 18.38% in comparison to five months of 2018.

 

Premiums on compulsory personal accident insurance stood at AZN 69.5 million, up AZN 70.2 million or 0.9% from January-May 2018.

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