Baku, Azerbaijan, Nov. 21
By Anvar Mammadov – Trend:
Non-life insurance collections amounted to 295.15 million manats (1.7091 AZN/USD on Nov. 21) in Azerbaijan in January-September 2016, the Financial Market Supervisory Authority said in a message Nov. 21.
The share of non-life insurance in the total collections was 70.2 percent during the period.
Payments on non-life insurance reached 114.74 million manats (60.2 percent of the total payments).
Collections on non-life insurance increased by 5.3 percent during the year, while the payments rose by 9.9 percent.
Non-life insurance types with the highest specific weight of collections (January-September 2016)
|
Voluntary insurance |
Insurance collections |
Specific weight, % |
Insurance payments |
Specific weight, % |
|
Health insurance |
70,666,934.27 |
23.94% |
50,442,138.01 |
43.96% |
|
Property insurance against fire and other risks |
35,130,097.38 |
11.90% |
3,044,458.08 |
2.65% |
|
Vehicle insurance |
18,453,881.53 |
6.25% |
12,523,160.72 |
10.91% |
|
Air traffic insurance |
11,948,844.21 |
4.05% |
2,417,497.51 |
2.11% |
|
General civil liability insurance |
11,815,453.56 |
4.00% |
248,663.58 |
0.22% |
|
Compulsory insurance |
Insurance collections |
Specific weight, % |
Insurance payments |
Specific weight, % |
|
State insurance for servicemen |
16,654,714.00 |
5.64% |
8,190,735.00 |
7.14% |
|
State insurance for law enforcement and court employees |
11,238,358.00 |
3.81% |
934,928.00 |
0.81% |
|
Property insurance |
21,653,515.21 |
7.34% |
1,606,366.95 |
1.40% |
|
Compulsory motor vehicle liability insurance |
70,409,972.05 |
23.86% |
32,707,588.36 |
28.51% |
|
Total (non-life insurance) |
295,150,914.77 |
114,741,385.91 |