The volume of the insurance market by the end of the year will exceed 400 million manat (40 AZN per person) – the local media were told by the chairman of Azerbaijan Insurers Association (AIA) Orkhan Bayramov.
According to him, in January-November on all types of insurance, including compulsory and life insurance, there was collected 382.8 million manat, which is 3.8% more than the same period last year.
Payments by insurers in proven cases amounted to 143.5 million manat (+ 29.9%), he said, adding that for every 100 manat of premiums there was 37.5 AZN of payments, which is the average European level.
Recall that up to 2013 the average payment was 15-17%, and the life insurance payment level was even less - 6%. --17D-
Economics
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