Bureau of Compulsory Insurance Collected 55 Million Manat

Members of the local Bureau of Compulsory Insurance from January to June collected 54 million 558.04 thousand manat (+ 40.2% to July 1 of the previous year).

According to the State Insurance Supervision Service of the Ministry of Finance, these premiums are collected in the framework of compulsory insurance of civil liability of motorists (CTP), property insurance, civil liability in the operation of real estate and passenger insurance. These four items are subject to the law "On compulsory types of insurance".

CTP collected 36 million 57.33 thousand (19.7%), compulsory insurance of immovable property belonging to individuals - 18 million 183.54 thousand manat (an increase of 2.1 times). Another 235.58 thousand manat was collected on civil liability insurance while exploiting real estate (+6%), insurance of passengers - 81.6 thousand manat (minus 2.5%).

Total payments under these types of insurance amounted to 15 million 815.98 thousand manat (+11%), of which nearly all payments (15 million 359.55 thousand manat) was on CTP, and 455.53 thousand manat - on insurance of real estate.

The Bureau of Compulsory Insurance was established in the framework of the law "On compulsory types of insurance". The members of the Bureau are 15 insurance companies, 12 of them are eligible for services under the said law. --17D-