MTPL GWP for the period exceeded AZN 85.7 million, which accounts for 54.7% of the non-life portfolio in Azerbaijan. At the same time, GWP of the real estate insurance saw steady growth and reached about AZN 36.7 million.
Paid claims in the segment of compulsory non-life insurance from January to November 2020 reached AZN 61.1 million, which represent 15.6% of the total market paid claims over the period. A major part of the non-life claims was paid in MTPL (84.4%), while for compulsory real estate insurance the companies paid only 6.05% of the non-life paid claims by the beginning of December 2020.
* at the following exchange rate:
1 EUR = 2.0328 AZN (01.12.2020)