In February 2017 the insurance companies entered into 6,329 contracts of compulsory insurance of immovable property (CIIP), according to the Bureau for Compulsory Insurance.
Insurance fees for CIIP in February amounted to 1,265,386 manat. 4,140 contracts were concluded for houses and apartments, 26 for office buildings, and 2,163 for other real estate.
In comparison with January 2017 the number of insurance contracts decreased by 16% or 1,206 units, and insurance fees decreased by 51.3%, or 1,334,614 manat.
Compared with the same period last year, the number of contracts increased by 7.2%, and the fees increased by 67.4%.
Thirteen insurance companies, that is, Ateshgah, Standard Insurance, Ata Sigorta, Khalg Sigorta, Pasha Sigorta, AXA MBASK, AzSigorta, State Insurance Commercial Company, Mega Sigorta, Ipek Yolu, Azerbaijan Senaye Sigorta, Qala Sigorta, and Gunay Sigorta conclude CIIP contracts. ---71D
Economics
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