CTP overtakes VHI n in absolute terms

In January-October intensified voluntary savings insurance against risk to life and health. Of the total 56.96 million manat life insurance premiums, 29.91 million accounted for this segment.

On compulsory insurance against diseases and accidents at work was received 22.5 million manat. Some other items of the life insurance sector look like - contracts for cases of incurable diseases brought 134.93 thousand manats, in case of deaths - 4.41 million. In aggregate, the area gave almost a sixth (16.87 %) of all local awards insurance market, gathered under contracts before November 1 - 337.65 million manat .

In absolute terms the leading is not at the traditional voluntary health insurance (VHI) with 55.18 million manat against the backdrop of cooperation between the state oil company and Pasha Sigorta, but at the new CTP. On mandatory liability insurance of vehicle owners to third parties it was collected 58.88 million (10.3 million per month). On voluntary insurance (Hull) of cars it was collected 47.2 million manat. By the activity of the MES, the insurance of property against fire received 37.47 million manat. These four (excluding life insurance) provided more than half of delivery premiums (58.86 %) of all of the insurance market.

Insurance of aircraft collected 11.17 million and cargo insurance collected 12.87 million manat.

The main part of the insurance premiums accounted for voluntary insurance - 223.21 million manat. Without taking into account the aforementioned positions, insurance against accidents received 8.83 million manat, voluntary insurance of civil liability of aircraft owners fees totaled 3.66 million manat, and insurance of ships - 1.19 million manat.

Voluntary insurance of civil liability of vehicle owners received 1.82 million manat , insurance for foreign travel - 1.61 million manat, crop insurance - 298.84 thousand, insurance of pets - 370.93 thsd AZN and for other types of voluntary insurance - 1.04 million (most of the cases of fraud by employees).

Also collected were voluntary premium for items such as general liability insurance - 3.91 million manat, employer's liability - 1.34 million manat, professional liability - 526.28 thousand manats. The remaining positions are irrelevant.

Compulsory insurance collected 114.44 million manat, leading to an increase of 14 million in just one month - mainly due to the new CTP. Excluding the basic position, on compulsory insurance of servicemen there was collected 12.69 million manat, and on compulsory insurance of court employees and law enforcement - 8.88 million manat.

On compulsory insurance of property there was received 11.04 million manat and on compulsory insurance of liability of owners of property there was received 302.79 thousand manats. Insurance of passengers brought AZN 67.78 thsd (per month returned two thousand manats for unrealized contracts with no real impact on the bus companies). - 17D-