Types of insurance in Azerbaijan that observed growth of almost 47%


December 5, Fineko/abc.az. Finances invested in life insurance of Azerbaijan increased by 46.6%.

ABC.AZ reports that for Jan-Oct 2022 the life insurance companies gathered premiums for totally AZN 327.1 million. In other words, compared with Jan-Oct 2021, insurance investments increased by AZN 103.9 million. Thus, in the 1st half of 2021, the life insurance companies were able to collect AZN 223.1 million of premiums. The share of the life insurance market in life insurance increased to 93.1%. So, for the 2021 same term, this figure was 85.2%.

For the first 10 months of 2022, the life insurance payments decreased by 6% to AZN 197.4 million against Jan-Oct 2021 – AZN 210 million.