Azerbaijan, Baku, June 23 / Trend A.Akhundov /
In January-May 2012, some 28.08 percent of the premiums of insurance companies of Azerbaijan, or 40.63 million manat, were collected on types of voluntary insurance of the property. Payments for these types amounted to 11.54 million manat, which is 35.02 percent of all refunds, the Azerbaijani Finance Ministry said on Saturday.
In the structure of charges on voluntary property insurance most were the vehicles insurance premiums of 21.41 million manat with payments of 8.67 million manat, as well as property insurance against fire and other risks - 11.44 million manat with payments of 1.11 million manat, insurance of air vehicles - 0.22 million manat with payments of 0.26 million manat, cargo insurance - 6.65 million manat with payments of 0.11 million manat, insurance of water transportation - 0 36 million manat with payments of 0.75 million manat, etc.
To liability insurance in January-May 2012 3.05 million manat fell with payments of 1.39 million manat, credit insurance - 0.03 million manat with payments of 0.006 million manat.
Premiums for personal insurance amounted to 41.53 million manat with payments of 15.8 million manat. In particular, charges for insurance against accidents and diseases were 3.76 million manat with payments of 0.47 million manat, voluntary medical insurance - 37.77 million manat with payments of 15.337 million manat, insurance of citizens traveling abroad - 0.44 million manat with payments of 0.07 million manat.
The total volume of premiums in voluntary insurance other than life in this period amounted to 85.23 million manat (58.9 percent of total premiums) with payments of 28.74 million manat (87.25 percent).
The total volume of premiums of all companies operating in the country was, for the first five months of 2012, 144.703 million manat (growth in the year by 67.38 per cent), and payments for the period, were carried out on 32.945 million manat (growth of 48.43 per cent) .
The report of the Ministry of Finance of Azerbaijan in January-May 2012 didn't include information of the only reinsurance company AzRE.
There are 28 insurance companies in Azerbaijan.
The official exchange rate is 0.7857 AZN to $1 on June 23.