AZERBAIJAN: the market y-o-y growth exceeded 33% as of the end of October
While the market premiums went up significantly, paid claims, on the other hand, for the same period increased only by 0.6% (AZN 205.9 million).
73% of GWP (AZN 450.8 million) were generated by voluntary insurance and 27% (AZN 166.4 million) were collected by mandatory classes. The structure of the paid claims is as follows: insurers paid 72.7% in voluntary insurance (AZN 166.4 million) and 27.3% - in mandatory insurance segment (AZN 56.2 million).
*EUR 1 = AZN 1.9281 (31.10.2018)