AZERBAIJAN: in January local insurers generated GWP 6.5% more y-o-y
Based on the market supervisor's data, 82.3% or AZN 72.6 million were generated by voluntary insurance and 17.7% or AZN 15.6 million by compulsory classes.
Total paid claims in January amounted to AZN 17.2 million, which is about 25.2% less y-o-y. The share of voluntary insurance in total paid claims reached 62.8% or AZN 10.8 million, and the share of the compulsory classes amounted accordingly to 37.2% or AZN 6.4 million.
*EUR 1 = AZN 1.9555 (31.01.2019)