Payments of Life Insurance Sector Grew by Almost Eight Times

Life insurance in the local market from January to November collected 84,932,350 manat (+ 49.1% to November 1 last year).

According to Azerbaijan Insurers Association (AIA), in January-October 2014 the three companies specialized in life insurance «set» aggregate 23.86% of premiums in the piggy of the local insurance market.

After repeated criticism from Turan of the situation, where equitable ratio of payments to premiums was not provided, the situation has changed - for the year payments increased by 7.6 times, amounting to 25,527,290 manat or 30,1% against the premiums (the average acceptable European level). --17D-

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