AZERBAIJAN: compulsory real estate insurance increases by 60% over 7 months

11 September 2023 — Marina MAGNAVAL
During the period from January to July 2023, AZN 58.9 million (~EUR 31.49 million) of compulsory real estate insurance premiums were collected in Azerbaijan, ABC.AZ writes.

It is noted that this figure is 60.4% more than in the same period last year.

Over the past year, paid claims for this type of insurance have increased 5.3 times, reaching AZN 3.2 million (~EUR 1.71 million), the source reports.

*EUR 1 = AZN 1.87 (01.07.2023)