Azerbaijan: EUR 13,1 million - premiums for compulsory immovable property in 2016
80.78% of the signed contracts were for houses and apartments, 0.30% for administrative buildings and 18.92% - other real estate. At the same time, Baku accounted for 31% of the concluded policies. In Azerbaijan, the insurance for immovable property is mandatory, being managed by the Compulsory Insurance Bureau. In 2016, 13 insurance companies wrote premiums on this insurance segment.