AZERBAIJAN: January-April 66% of market GWP collected by voluntary insurance

27 June 2019 — Marina MAGNAVAL
Total market GWP from January-April 2019 amounted to AZN 265.3 million (~EUR 139.12 million), while total paid claims reached AZN 66.7 million, Trend reports with reference to the Financial Market Supervisory Authority (FIMSA).

The contribution of voluntary insurance to market GWP amounted to AZN 176.2 million or 66% of the market, and paid claims from the voluntary segment reached AZN 43.4 million (65% of the total paid claims). GWP of the compulsory insurance amounted to AZN 89.1 million or 34% of the market. At the same time, insurers paid AZN 23.3 million for compulsory types (35% of the total paid claims).

*EUR 1 = AZN 1.9070 (as of May 1, 2019)

Share |