Insurance market of Azerbaijan inreased by 13%


November 29, Fineko/ The data on the insurance sector of Azerbaijan for Jan-Oct 2022 have been published.

ABC.AZ reports with reference to the Central Bank of Azerbaijan that for the past 10 months 20 insurance companies gathered AZN 797.625 million of premiums (13% more versus Jan-Oct 2021).

Insurers’ compensation payments amounted to AZN 359.297 million. The decline was 10.4% year-on-year.

Over Jan-Oct, 45 manats of compensations were paid for every 100 manats of premiums (versus 56.9 manats for Jan-Oct 2021).