Baku, Azerbaijan, Dec. 20
By Taleh Mursagulov – Trend:
In January-November 2018, insurance fees for types of insurance other than life insurance amounted to 351.43 million manats in Azerbaijan, which is 10.62 percent more than in the same period of 2017, Trend reports referring to the report of Azerbaijan’s Financial Market Supervisory Authority (FIMSA).
FIMSA said that the share of non-life insurance in the total amount of insurance fees for the above-mentioned period amounted to 52.93 percent.
Payments for the types of insurance other than life insurance reached 130.47 million manats (58.21 percent of all payments). This figure increased by 11.15 percent for the year.
Comparative table of non-life types of insurance with the highest specific weight of fees (January-November 2018):
|
Types of insurance |
Insurance fees (thousand manats) |
Specific weight (in %) |
Insurance payments (thousand manats) |
Specific weight (in %) |
|
Health insurance |
75,050.1 |
21.36 |
55,681.9 |
42.68 |
|
Property insurance against fire and other risks |
53,670.8 |
15.27 |
2,673.9 |
2.05 |
|
Vehicle insurance |
25,817.7 |
7.35 |
8,738.2 |
6.7 |
|
Air transport insurance |
10,185.7 |
2.9 |
246.5 |
0.19 |
|
General civil liability insurance |
12,013.2 |
3.42 |
1,202.1 |
0.92 |
|
Third party liability insurance |
88,417 |
25.16 |
48,622.2 |
37.27 |
|
State insurance of servicemen |
17,202.3 |
4.89 |
4,715.8 |
3.61 |
|
Compulsory insurance of real estate |
27,000.3 |
7.68 |
3,610 |
2.77 |
|
State insurance of law enforcement officers and courts |
12,412.4 |
3.53 |
1,895.7 |
1.45 |
|
TOTAL (non-life insurance) |
351,434 |
- |
130,469 |
- |
There are 21 insurance companies and one reinsurance company in Azerbaijan.
(1.7 manats = $1 on Dec. 20)
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