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Azerbaijan sees 10% surge in insurance market

Business Materials 17 November 2017 17:35 (UTC +04:00)
Premiums collected by Azerbaijan’s insurance companies totaled 462.65 million manats in January-October 2017, which is 10.16 percent more than in the same period of 2016.
Azerbaijan sees 10% surge in insurance market

Baku, Azerbaijan, Nov. 17

By Azad Hasanli - Trend:

Premiums collected by Azerbaijan’s insurance companies totaled 462.65 million manats in January-October 2017, which is 10.16 percent more than in the same period of 2016, the country’s Financial Market Supervisory Authority (FIMSA) said in a report Nov. 17.

Payments of claims by the Azerbaijani insurance companies totaled 204.6 million manats in January-October 2017, which is 7.12 percent more than in the same period of 2016.

Twenty-two insurance companies operate in Azerbaijan.

(1.7002 AZN = 1 USD on Nov. 17)

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