Number of Contracts on Compulsory Property Insurance Increased by 43%

In January 2017 insurance companies concluded 7,535 contracts of compulsory insurance of immovable property, according to the Bureau on Compulsory Insurance.

Premiums on the above-mentioned insurance contracts amounted to 2.6 million manat in January.

69.7% of the contracts were concluded on houses and apartments, 0.4% on office buildings, and 29.9% on other real estate.

Compared to the same period of 2016, the number of insurance contracts grew by 43%, and the volume of premiums fell by 55%.   ----71D

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