Azerbaijan, Baku, Dec. 30 / Trend U. Ismayilova /
The Azerbaijani insurance market will be increased by about 30 percent in 2011, chairman of the insurance company Qarant Sigorta Vagif Hasanov said.
"The Azerbaijani insurance market will be increased by introducing compulsory services, as well as growth rates for obligatory liability insurance for car owners," Hasanov said.
"These companies can be purchased as a local market players and foreign investors," - "Hasanov said.
There are 27 insurance and one reinsurance companies in Azerbaijan. Premiums for January-November amounted to 139.82 million manat with payments worth 45.48 million manat. Premiums for 2009 amounted to 163.31 million manat (179.26 million manat in 2008) with payments worth 53.07 million manat (49.81 million manat).