Azerbaijan, Baku, Oct. 19 / Trend A.Akhundov /
Premiums on accumulative Life-insurance to the amount of 1.540.140.27 manat with payments of 21.317 manat occupied the main share in the structure of voluntary Life-insurance premiums in January-September in Azerbaijan, the Azerbaijani Finance Ministry reported.
Premiums on life insurance amounted to 838.406.32 manat with payments of 123.137.59 manat.
Total premiums on voluntary life insurance amounted to 2.378.546.59 million manat (1.44 percent of total fees) with payments of 144.454.59 manat (0.35 percent).
Major part of Non-Life insurance falls to property insurance - premiums worth 80.400.001.61 manat and payments worth 18.271.006.49 manat. Liability insurance hit 12.089.047.5 manat with payments at 274.021.19 manat, credit insurance - 102.945.86 manat with payments worth 18.477.73 manat and mixed insurance of financial risks - 1.502.97 manat without payment.
Premiums for personal insurance amounted to 29.126.174.29 manat with payments of 15.197. 627.87 manat. Premiums for insurance against accidents and illnesses amounted to 5.973.480.32 manat with payments of 946.437.47 manat and health insurance 23.152.693.97 manat with payments of 14.251.190.4 manat.
Total premiums for other kind of insurance amounted to 121.719.672.23 manat (73.65 percent of the total figure) with payments at 33.761.133.28 manat (81.96 percent).
The structure of compulsory insurance premiums on state individual insurance of military men hit 11.508.041 manat with payments worth 5.303.376 manat, fire insurance - 6.253.043.29 manat with payments worth 420.181.72 manat, public individual insurance of judicial staff - 2. 898.845 manat with payments worth 631.875 manat, liability insurance of vehicle owners - 3.425.833.45 manat with payments worth 735.540.08 manat, insurance of civil servants - 4.206 manat with payments at 4.268 manat. The structure of compulsory insurance premiums on state insurance of auditors' liability - 7.948.96 manat without payment, insurance of passengers - 586.164.15 manat with payments of 4,100 manat, environmental insurance - 93.312.13 manat with payments of 11,000 manat.
The total premiums of all companies operating in the country amounted to 165.27 million manat (40.1 -percent increase), and payments - 41.9 million manat (17.07 -percent increase) for nine months.
The report does not specify the outcome of a single reinsurance company Az RE for Jan.-Sept.
Azerbaijan operates 28 insurance companies, including three Life- companies.
Fidan Sıgorta's license for insurance activity has been temporarily suspended.
The official exchange rate is 0.7869 manat to $1.