Baku, Azerbaijan, Sept. 25
Trend:
In January-August 2018, insurance fees for types of insurance other than life insurance amounted to 277.17 million manats in Azerbaijan, which is 19.7 percent more than in the same period last year, says the report of the Financial Markets Supervision Chamber.
The regulator agency said that the share of non-life insurance in the total amount of insurance fees for the above-mentioned period amounted to nearly 43.9 percent.
Payments for the types of insurance other than life insurance reached 92.76 million manats (55.02 percent of all payments). This figure increased by 5.4 percent over the year.
Comparative table of non-life types of insurance with the highest specific weight of fees (January-August 2018):
|
Types of insurance |
Insurance fees (thousand manats) |
Specific weight (in %) |
Insurance payments (thousand manats) |
Specific weight (in %) |
|
Health insurance |
62,535.5 |
22.56% |
40,551.5 |
43.72% |
|
Property insurance against fire and other risks |
39,447.6 |
14.23% |
816.2 |
0.88% |
|
Vehicle insurance |
17,286.2 |
6.24% |
5,870.1 |
6.33% |
|
Air transport insurance |
9,880.8 |
3.56% |
246.5 |
0.27% |
|
General civil liability insurance |
10,366.6 |
3.74% |
1,195.3 |
1.29% |
|
Third party liability insurance |
64,853.8 |
23.4% |
33,838.1 |
36.48% |
|
State insurance of servicemen |
16,922.3 |
6.11% |
4,189.0 |
4.52% |
|
Compulsory insurance of real estate |
20,483.7 |
7.39% |
2,169.6 |
2.34% |
|
State insurance of law enforcement officers and courts |
11,637.0 |
4.2% |
1,433.8 |
1.55% |
|
TOTAL (non-life insurance) |
277,170.6 |
- |
92,759.6 |
- |
There are 21 insurance companies and one reinsurance company in Azerbaijan.
The official rate as of September 25 is 1.7 AZN/USD.
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