Baku, Azerbaijan, May 9
By Kheyraddin Nasirzade - Trend:
In January-March 2019, insurance fees for types of insurance other than life insurance amounted to 149.64 million manats in Azerbaijan, which is 23.26 percent more than in the same period last year, Trend reports referring to Azerbaijan’s Financial Market Supervisory Authority (FIMSA).
According to data provided by FIMSA, the share of non-life insurance in the total amount of insurance fees for the above-mentioned period amounted to 74.38 percent.
Payments for the types of insurance other than life insurance reached 30.4 million manats (65.76 percent of all payments). This figure decreased by 5.98 percent compared to the previous year.
Comparative table of non-life types of insurance with the highest share of fees (January-March 2019):
|
Types of insurance |
Insurance fees (thousand manats) |
Share (%) |
Insurance payments (thousand manats) |
Share (%) |
|
Health insurance |
56,920.0 |
28.29 |
10,916.5 |
23.6 |
|
Property insurance against fire and other risks |
10,250.3 |
5.1 |
734.2 |
1.59 |
|
Vehicle insurance |
5,849.8 |
2.91 |
2,564.1 |
5.55 |
|
Air transport insurance |
5,173.8 |
2.57 |
21.2 |
0.05 |
|
General civil liability insurance |
4,728.0 |
2.35 |
190.4 |
0.41 |
|
Third party liability insurance |
20,178.7 |
9.57 |
13,645.5 |
29.51 |
|
State insurance of servicemen |
15,822.0 |
7.86 |
660.4 |
1.43 |
|
Compulsory insurance of real estate |
9,158.0 |
4.55 |
1,097.1 |
2.37 |
|
State insurance of law enforcement officers and courts |
12,788.0 |
6.36 |
257.6 |
0.56 |
|
TOTAL (non-life insurance) |
149,636.1 |
- |
30,402.5 |
- |