AZERBAIJAN: Premiums on compulsory insurance of vehicle owners' civil liability reach AZN 62.4 million

12 November 2012 —
The Compulsory Insurers Bureau reports of positive dynamics in development of compulsory insurance of vehicle owners' civil liability on the rules that came into force since 16 December 2011.

The Bureau reports that more than 88,900 agreements on such insurance were signed in October, including 21,600 ones on foreign (concluded for a month) and transit transport.

In October overall premium on this type of insurance exceeded AZN 9.2 million," the CIB informed.

Over Jan-Oct 2012 totally 792,700 agreements were signed within the framework of compulsory civil liability insurance of vehicle owners, including 183,400 for international and transit traffic. Total premiums for the reported term amounted to AZN 62.4 million.

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AZERBAIJAN: Premiums on compulsory insurance of vehicle owners' civil liability reach AZN 62.4 million
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