AZERBAIJAN: from January to June Green Card GWP increased by 15% y-o-y

5 August 2019 — Marina MAGNAVAL
In the first half year of 2019, the number of Green Card policies increased by 16% y-o-y and totaled 18,837 agreements, Trend reports according to the data of the Bureau of Compulsory Insurance of Azerbaijan.

Green Card GWP for the period increased by 15%, to AZN 1.36 million (~EUR 0.7 million). The total number of insurance claims grew by 5.8%.

Currently, 12 insurers in the country are members of the Compulsory Insurance Bureau under the Green Card system. Azerbaijan has been operating in the system since January 1, 2016, Trend wrote.

*EUR 1 = AZN 1.9293 (01.07.2019)

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