Baku, Azerbaijan, April 19
By Anvar Mammadov – Trend:
Non-life insurance premiums amounted to 121.4 million manats in Azerbaijan in January-March 2018, which is 14.4 percent more than in the same period last year, according to a report of the Financial Market Supervisory Authority (FIMSA).
The report says the share of non-life insurance in total premiums was 62.9 percent during the period.
Payment of claims on non-life insurance reached 32.34 million manats (53.6 percent of all payments). The figure increased by 13.5 percent during the year.
|
Voluntary types of insurance |
Insurance premiums (manats) |
Specific weight (%) |
Payment of claims (manats) |
Specific weight (%) |
|
Medical insurance |
47,639 |
39.24 |
14,682.8 |
45.41 |
|
Property insurance against fire and other risks |
22,863.2 |
18.83 |
135.2 |
0.42 |
|
Vehicle insurance |
5,098.4 |
4.2 |
2,092.3 |
6.47 |
|
Insurance of air transportation |
4,400.5 |
3.62 |
- |
- |
|
General Liability Insurance |
4,495.7 |
3.7 |
188.4 |
0.58 |
|
State insurance of servicemen |
1,001.1 |
0.82 |
1,623.5 |
5.02 |
|
State insurance of employees of law enforcement agencies and courts |
1,183.4 |
0.97 |
443.7 |
1.37 |
|
Property insurance |
7,038.9 |
5.8 |
955.1 |
2.95 |
|
Compulsory insurance of civil liability of vehicle owners |
18,299.1 |
15.07 |
11,567.5 |
35.77 |
|
TOTAL (non-life insurance) |
121,400.9 |
- |
32,336.513 |
- |
One re-insurance and 21 insurance companies operate in Azerbaijan.
(1.7 manats = $1 on April 19)
