In 2016 the premiums on compulsory insurance types rose AZNB 4,881,000 or 3.01% to AZN 166,816,000.
According to the Financial Markets Supervisory Authority, the insurers paid AZN 57,815,000 on this type of insurance in the reporting period, up AZN 13,386,000 or 30.13% from previous year.
18.39% of compulsory insurance market was formed on life insurance, 81.61% on non-life insurance.
Premiums on compulsory insurance against professional disability resulting from industrial accident and occupational disease rose AZN 36,900 or 0.12% to AZN 30,683,000, payments increased AZN 1,875,000 or 87.88% to AZN 4,009,000.
The premiums on compulsory non-life insurance amounted to AZN 136,133,000, up AZN 4,844,000 or 3.69% in comparison to a year earlier. Payments grew AZN 11,511,000 or 27.21% to AZN 53,806,000.