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PREMIUM OF INSURANCE COMPANIES GREW BY 11,9%

Business Materials 26 July 2005 17:13 (UTC +04:00)

Premium of insurance companies of Azerbaijan on the results f the first half of the current year grew by 11,9% as compared to the first half-year of the last year.

The volume of premium on the results of the first half-year was 217,5 billion manats, head of the Chief Department on the Insurance Supervision of the Finance Ministry Baybala Hankishiyev told Trend. By this, premium on voluntary insurance were 204 billion manats, on obligatory insurance вЂ" 13,5 billion manats.

The Azerbaijan’s insurance companies payments on the results of the first half-year of the current year grew by 39,8% as compared to the first half-year of the previous year.

The volume of payments on the results of the first half-year was 36,3 billion manats. Payments on voluntary insurances were 31,7 billion manats, on obligatory - 4,6 billion manats.

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