Baku, Azerbaijan, Feb. 22
By Anvar Mammadov – Trend:
Non-life insurance premiums amounted to 64.29 million manats in Azerbaijan in January 2018, which is 2.8 percent more than in the same period last year, according to a report of the Financial Market Supervisory Authority (FIMSA).
The report says the share of non-life insurance in total premiums was 77.7 percent during the period.
Payment of claims on non-life insurance reached 11.55 million manats (50.2 percent of all payments). The figure increased by 25.1 percent during the year.
|
Voluntary types of insurance |
Insurance premiums (manats) |
Specific weight (%) |
Payment of claims (manats) |
Specific weight (%) |
|
Medical insurance |
39,815.6 |
61.9 |
5,501.3 |
47.6 |
|
Property insurance against fire and other risks |
3,465.7 |
5.4 |
36.9 |
0.3 |
|
Vehicle insurance |
2,075.7 |
3.2 |
830.8 |
7.2 |
|
Insurance of air transportation |
4,253.1 |
6.6 |
- |
- |
|
General Liability Insurance |
1,624.6 |
2.5 |
185.5 |
1.6 |
|
State insurance of servicemen |
- |
- |
292.6 |
2.5 |
|
State insurance of employees of law enforcement agencies and courts |
- |
- |
171.1 |
1 |
|
Property insurance |
3,550 |
5.5 |
62.6 |
0.5 |
|
Compulsory insurance of civil liability of vehicle owners |
5,513.5 |
8.6 |
4,054.2 |
35.1 |
|
TOTAL (non-life insurance) |
64,290.5 |
- |
11,545.9 |
- |
One re-insurance and 21 insurance companies operate in Azerbaijan.
(1.7001 manats = $1 on Feb. 22)