STATISTICS: Azerbaijan 3Q2014: Life insurance continues to be the market leader
"In 3Q2014, gross written premiums increased by AZN 10.75 million. At the same time, claims payments went up by 31.5% or AZN 27.85 million", said Orhan BAYRAMOV, Chairman, Azerbaijan Insurers Association for the online portal www.abc.az.
In the reporting period, the life insurers' gross written premiums increased by 49.78% and totaled AZN 76.85 million. At the same time, the insurance companies' overall non-life GWP amounted to AZN 237.28 million, reporting a decrease rate of 5.87% compared with 1Q2013.
Access www.xprimm.com and download the 3Q2014 Azerbaijani insurance market statistics.
Market portfolio and market ranking (in EUR and AZN):
- Gross written premiums
- Paid claims
- Growth rates
- Market shares