AZERBAIJAN: Life insurance fell below 12.78% of total volume of Azerbaijan's insurance market

Life insurance premiums fell to 12.78% against 13.6% of the overall insurance premiums of Azerbaijan for Jan-June 2012.

The State Insurance Supervision Service under the Ministry of Finance of Azerbaijan reports that by 1 August 2012 three life insurance companies gathered AZN 25.753 million against the 28 insurers' overall premiums of AZN 201.509 million and paid compensations for AZN 1.908 million, while total payments reached AZN 49.469 million.

The basis of the life insurance market consisted of compulsory types of insurance - premiums of AZN 17.269 million and compensation payments of AZN 795.000. Voluntary life insurance brought AZN 8.483 million with compensation payments for AZN 1.113 million.

Read the full story on www.abc.az

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

TOP EVENT

photodune-3834701-laughing-girl-xs

LIVE from Monte Carlo: The 62nd edition of the "Rendez-Vous de Septembre"

The 62nd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.

13.09.2018

Willis Re - Market still soft, but functional

Despite the high losses from 2017 the reinsurance market is still soft, James KENT, Global Chief Executive Officer (CEO) of Willis Re stated at a press briefing in Monte Carlo.

10.09.2018

AIR launches severe thunderstorm model

Catastrophe risk modeling firm AIR Worldwide released a new severe thunderstorm model for Europe. Together with AIR's Extratropical Cyclone Model for Europe and European flood models, this new model now allows for a comprehensive assessment of atmospheric risk in this region.

10.09.2018

See all