Non-Life leads on Azerbaijani insurance market
Azerbaijan, Baku, Oct. 19. / Trend N. Ismayilova /
In January-September, considerable part of the Azerbaijani insurance companies' premiums on Life fell to insurance from accidental death - 317,340 manats (53 percent) with 152,510 manats (44.5 percent) of payments, the Azerbaijani Finance Ministry reported.
Premiums on annuity insurance totaled 280.91 manat with190, 160 manat of payments and life insurance 598,250 manat with 342,670 manat of payments.
Majority of Non-Life insurance comprises: private insurance - 21.26 million manat with 11.49 million manats of payment, property insurance - 86.62 million manat with 18.11 million manat of payment, including premiums from civil liability insurance - 25.75 million manat with 633,890 manat of payments, loan insurance - 537,040 manat with 272,050 manat of payment, as well as insurance of non-life was 107.88 million manat (82.86 percent) with 29.607 million of payments (77.44 percent).
Majority of obligatory insurance includes premiums from military insurance - 12.905 million manats with 7.15 million manat of payment, as well as fire insurance - 2,691 million manat with 32,120 manat of payments and vehicle insurance - 2.52 million manat with over 559.04 manat payments, insurance of juridical and legal body employees- 2.61 million manat with over 509,020 manat payments, insurance of Mps- 92,510 manat without payment and insurance of public servants -140,540 manat with 16,260 manat of payments.
Total amount of premiums on obligatory types of insurance was 21.69 million manat with 8.27 million manat of payments in this period.
In January-September, premiums of 28 Azerbaijani insurance companies made up 130.18 million manat with 38.22 million manat of payments.
On Oct. 19, the official exchange rate is 0.803 manat to $1.
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