STATISTICS: AZERBAIJAN, 3Q: Top 3 largest insurers accounted for about half of the market GWP
Overall, Azerbaijan's 25 insurance companies reported aggregate gross written premiums of AZN 390 million in January-September 2016, which is 15.05% more than in the same period of 2015.
Due to exchange rate variations, in European currency, the insurance market decreased by more than 25%, to EUR 215 million.
During the analysed period, claims paid by the local insurers totaled AZN 167 million, up by 31% y-o-y.
Access www.xprimm.com and download the 3Q2016 Azerbaijani insurance market statistics.