Non-Life leads on Azerbaijani insurance market
Azerbaijan, Baku, Jan.28 / Trend U.Ismayilova /
In 2009, considerable part of the Azerbaijani insurance companies' premiums on Life fell to insurance from accidental death - 537,620 manat with payments 187,760 manat, the Azerbaijani Finance Ministry reported today
Premiums on endowment insurance totaled 359,700 manat with 255,630 manat of payments
Total amount on life insurance made up 897,320 manat or 0.55 percent with payments 443,390 manat (0.83 percent).
Majority of Non-Life insurance comprises: property insurance premiums hit 105,717 million manat with payments 25.52 million manats, private insurance - 27,058 million manat with 16.94 million manat of payment, including premiums from civil liability insurance - 27.083 million manat with 1,410 manat of payments, loan insurance - 658,400 manat with 326,760 manat of payment
Total amount on non-life insurance made up 132.77 million manat with payments 42.47 million manat.
Majority of obligatory insurance includes premiums from military insurance - 17.59 million manats with payment 8.53 million manat, as well as fire insurance - 3.79 million manat with 175,750 manat of payments, insurance of juridical and legal body employees- 3.69 million manat with 657,740 thousand manat payments, insurance of transport owners- 3.47 million manat with payments-763,310, insurance of Mps- 107,870 manat without payment and insurance of public servants -235,630 manat with 25,810 manat of payments
Total amount of premiums on obligatory types of insurance hit 29.63 million manat with payments 10.15 million manat in this period
In 2009, premiums of 28 Azerbaijani insurance companies hit 163.306 million manat with payments- 53.074 million manat.
Jan. 28, the official exchange rate is 0.8035 manat to $1.