Non-Life leads on Azerbaijani insurance market
Azerbaijan, Baku, June 11 / Trend , U.Ismayilova/
In January-April, considerable part of the Azerbaijani insurance companies' premiums on Life fell to insurance from accidental death - 139,960 manats with 121,650 manats of payments, the Azerbaijani Finance Ministry reported on June 11.
Premiums on annuity insurance totaled 64,360 manat with no payments and life insurance 87,130 manat with 81,270 manat of payments.
Total volume of premiums on Life insurance was 291,450 manat with 202,920 manat of payments.
Majority of Non-Life insurance comprises: private insurance - 11.69 million manat with 4.14 million manats of payment, property insurance - 27.51 million manat with 7.08 million manat of payment, including premiums from civil liability insurance - 7.003 million manat with 86,850 manat of payments, loan insurance - 260,030 manat with 151,620 manat of payment, as well as insurance of mixed finance risks - 1,510 manat without payments.
Total volume of other types of insurance was 46.47 million manat with 11.47 million manat of payments, rather than life insurance.
Majority of obligatory insurance includes premiums from military insurance - 7.55 million manats with 3.01 million manat of payment, as well as fire insurance - 1.54 million manat with 1,930 manat of payments and vehicle insurance - 1.12 million manat with over 252,000 manat payments, insurance of juridical and legal body employees- 1.07 million manat with over 281,000 manat payments.
Total amount of premiums on obligatory types of insurance was 11.65 million manat with 3.55 million manat of payments in this period.
In January-April, premiums of Azerbaijani insurance companies made up 58.46 million manat with 15.23 million manat of payments.
On June 11, the official exchange rate is 0.8039 manat to $1.
Do you have any feedback? Contact our journalist at: [email protected]