For the months of January-August of this year, insurance companies in Azerbaijan collected 69.9 million manats for compulsory insurance of civil liability of motor vehicle owners (compulsory auto insurance).
"APA-Economics" reports with reference to the Central Bank of Azerbaijan that this is 6% more than the same period last year.
Insurance payments of 59.5 million manats were made during the reporting period, which is 30% more than the corresponding period of last year.
In other words, the growth of payments for this type of insurance with higher dynamics than collections increased the harmfulness of compulsory auto insurance by 23.5%.
So, if last year, 68.9 manats of every 100 manats collected for this type of insurance were paid, while this figure was 85.1 manats in the same period of this year.