In August of this year the participant insurers of Compulsory Insurance Bureau concluded 9326 compulsory real property insurance agreements collecting 2 080 459 manats of insurance premiums. The objects insured according to those agreements were houses and apartments (7360 in number), administrative buildings (29) and other immovable property types (1937).
Compared to the last year’s same period, the number of concluded contracts and the amount of collected insurance premiums decreased by 47% and 2% respectively.
There were also registered 321 agreements on compulsory third party liability insurance associated with the use of real property and 4 contracts on compulsory personal accident insurance of passengers.
At present, 13 insurance companies, which are the members of Azerbaijani Compulsory Insurance Bureau, provide compulsory real property insurance policies. Those are Ateshgah Insurance Company OJSC, Standard Insurance OJSC, AtaInsurance OJSC, Xalg Sigorta OJSC, PASHA Insurance OJSC, AXA MBASK OJSC, AzSıgorta OJSC, State Insurance Company of Azerbaijan Republic, Mega Insurance OJSC, Silk Way Insurance OJSC, Azerbaijan Industry Insurance OJSC, Qala Insurance OJSC and Günay Sıgorta OJSC.
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