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Azerbaijan sees 11.8% growth in insurance premiums

​Azerbaijan sees 11.8% growth in insurance premiums

Baku. 15 January. REPORT.AZ/ In 2018, the revenues of the State Social Protection Fund under the Ministry of Labor and Social Protection of Population stood at AZN 3,678,300,000, up AZN 279.3 million or 8.3% from the previous year.

According to Ministry's PR Department, the insurance premiums rose by AZN 246.5 million or 11.8% to AZN 2,332,200,000.

Receipts from off-budget sector ascended by AZN 152.4 million or 11.4% and forecast on this sector was fulfilled by 106.1% (up AZN 86 million or 6.1%). 

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