Azerbaijan's insurance market hits new record in 2018
Trend:
In 2018, Azerbaijani insurance companies collected 728 million manats in premiums, which is 30.7 percent more than in 2017, Trend reports referring to Azerbaijan’s Financial Market Supervisory Authority (FIMSA) Jan. 25.
The insurance companies' payments during the period amounted to 240.3 million manats, which is 6.54 percent less than in 2017.
According to the report, 73.7 percent (536.2 million manats) of all fees in the market accounted for voluntary insurance, 26.3 percent (191.8 million manats) for compulsory insurance.
As for the payments, the share of voluntary insurance was 71.8 percent (172.5 million manats) and compulsory insurance – 28.2 percent (67.8 million manats).
Twenty-one insurance companies operate in Azerbaijan.
(1 USD = 1.7 AZN on Jan. 25)
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!