Azerbaijan’s insurance market grows
By Trend
In January 2019, Azerbaijani insurance companies collected 88.2 million manats in premiums, which is 6.57 percent more than in the same period last year, Trend reports referring to Azerbaijan’s Financial Market Supervisory Authority (FIMSA) Feb. 23.
The insurance companies' payments during the period amounted to 17.2 million manats, which is almost 25.2 percent less than in January 2018.
According to the report, 82.3 percent (72.6 million manats) of all fees in the market accounted for voluntary insurance, 17.7 percent (15.6 million manats) for compulsory insurance.
Twenty-one insurance companies operate in Azerbaijan.
(1 USD = 1.7 AZN on Feb. 23)
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