Baku, Azerbaijan, May 19
By Anvar Mammadov - Trend:
In January-April 2018, insurance fees for types of insurance other than life insurance amounted to 169.94 million manats in Azerbaijan, which is 35.9 percent more than in the same period last year, says the report of the Financial Markets Supervision Chamber.
The regulator agency said that the share of non-life insurance in the total amount of insurance fees for the above-mentioned period amounted to 56.4 percent.
Payments for the types of insurance other than life insurance reached 46.33 million manats (59% of all payments). This figure increased by 26.3 percent over the year.
Comparative table of non-life types of insurance with the highest specific weight of fees (January-April 2018):
|
Types of insurance |
Insurance fees (in thousand manats) |
Specific weight (in %) |
Insurance payments (in thousand manats) |
Specific weight (in %) |
|
Health insurance |
50 025.8 |
29.44 |
21 743.7 |
46.94 |
|
Property insurance against fire and other risks |
25 506.1 |
15.01 |
410,2 |
0.89 |
|
Vehicle insurance |
8 752.3 |
5.15 |
2 830.6 |
6.11 |
|
Air transport insurance |
5 115.3 |
3.01 |
- |
- |
|
General civil liability insurance |
5 010.5 |
2.95 |
198.2 |
0.43 |
|
State insurance of servicemen |
16 922.3 |
9.96 |
2 345.1 |
5.06 |
|
State insurance of law enforcement officers and courts |
11 259.5 |
6.63 |
660.9 |
1.43 |
|
Compulsory insurance of real estate |
9 536.7 |
5.61 |
1 179.2 |
2.55 |
|
Third party liability insurance |
26 728.7 |
15.72 |
15 996.7 |
34.53 |
|
TOTAL (non-life insurance) |
169 937.0 |
- |
46 327.0 |
- |
There are 21 insurance companies and one reinsurance company in Azerbaijan.
The official rate as of May 19 is 1.7 AZN / USD.
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