Motor vehicle insurance increased by 26% in Azerbaijan 

# 12:35
29 October 2019

Insurance companies which operate in Azerbaijan collected nearly 25.9 million manats in motor vehicles insurance in January-September this year, 9.2 million manats of insurance payment has been realized, APA-Economics reports citing Financial Market Supervisory Authority.

The fees collected for motor vehicle insurance increased by 25.7% and the payments by 39.4% compared to the same period of the previous year.

Note that, the amount of 522.5 mln. manats insurance fee (decrease by 8.1%) has been collected by the operating insurance companies in Azerbaijan and the amount of 201,7 mln. manats (increase by 7,9%) of insurance payments have been realized in the reporting period.