BAKU, Azerbaijan, Nov. 28
By Eldar Janashvili - Trend:
From January through October 2019, insurance fees for types of insurance other than life insurance amounted to over 347 million manat ($204.1 million) in Azerbaijan, which is 5 percent more than in the same period of 2018, Trend reports referring to Azerbaijan’s Financial Market Supervisory Authority (FIMSA).
According to the data provided by FIMSA, the share of non-life insurance in the total amount of insurance fees for the above-mentioned period amounted to 60.8 percent.
Payments for the types of insurance other than life insurance exceeded 134.2 million manat ($78.9 million), which is 59.5 percent of all payments. This figure increased by 14.9 percent on annualized basis.
Comparative table of non-life types of insurance with the highest share of fees (January-October 2019):
|
Types of insurance |
Insurance fees (thousand manats) |
Share (%) |
Insurance payments (thousand manats) |
Share (%) |
|
Health insurance |
80,999 |
14.2 |
49,598 |
22 |
|
Property insurance against fire and other risks |
42,036 |
7.4 |
1,832 |
0.8 |
|
Vehicle insurance |
28,967 |
5 |
10,517 |
4.7 |
|
Air transport insurance |
10,617 |
2 |
5,695 |
2.5 |
|
General civil liability insurance |
10,415 |
1.9 |
0,417 |
0.2 |
|
Third party liability insurance |
84,463 |
14.8 |
54,893 |
24.4 |
|
State insurance of servicemen |
16,372 |
2.9 |
2,746 |
1.2 |
|
Compulsory insurance of real estate |
30,416 |
5.3 |
3,939 |
1.7 |
|
State insurance of law enforcement officers and courts |
13,377 |
2.4 |
1,396 |
0.6 |
|
TOTAL (non-life insurance) |
347,029 |
60.9 |
134,241 |
59.5 |
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