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NEWS ALERT
November 4th, 2011
 
 
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NEWS ALERT
3Q 2011: Azerbaijani insurance market has a new leader
SILK WAY Insurance (IPEK YOLU Sigorta) is the new leader of Azerbaijani insurance market, after the first nine months of the year. According to the financial data published by the Ministry of Finance of Republic of Azerbaijan, the overall gross written premiums of the 28 insurance companies totaled AZN 165.27 million (EUR 155.28 million), representing an increase in local currency of over 43%.

Access www.xprimm.com and download the 3Q 2011 Azerbaijani insurance market statistics.

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MONTENEGRO: Housing insurance business slowing down in 3Q
Montenegrin's insurance market growth slowed down in the third quarter of 2011: after a half year 5.63% growth rate, the 3Q results show a 4.9% y-o-y nominal increase in GWP, up to EUR 49.5 million. Life insurance countinued to register a higher dynamic than the non-life sector. The most visible slowing-down may be observed on the property insurance segment. Thus, the impressive 16.50% growth rate reported in 1H 2011 nearly halved in the 3Q statistics.

Access www.xprimm.com and download the 3Q 2011 Montenegrin insurance market statistics.

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