AZERBAIJAN: Azerbaijani insurance market increased dramatically in Jan-Feb

22 March 2012 —
Insurance revenues in Azerbaijan have increased by 83.8% in the last one year.

During January-February 2012, insurance companies collected fees worth AZN 58,915,733. The same period, the companies paid off AZN 9,546,653 worth insurance, Gun.Az reported referring to the State Insurance Supervision Service.

Of the revenues, AZN 48,355,836 was gained from voluntary insurance, while AZN 10,559,896 on compulsory.

Of the insurance paybacks, AZN 8,450,678 fell on voluntary insurance.

In 2011, revenues from all types of insurance made up AZN 32,059,897, paybacks - AZN 8,561,897.

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AZERBAIJAN: Azerbaijani insurance market increased dramatically in Jan-Feb
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