In 2016, 140,848 insurance contracts were signed on real estate compulsory insurance, up 30% from previous year.
According to Compulsory Insurance Bureau (CIB), amount of insurance premiums from real estate compulsory insurance made up about AZN 25.2 million, up 1.5% in comparison with 2015.
80.78% of contracts on real estate compulsory insurance related to residential houses and apartments, 0.30% to administrative buildings, 149.92% to other real estates.