Has Azerbaijan's insurance market grown or shrunk?

16:35 - 27.03.2023

March 27, Fineko/abc.az. Over the past 2 months of this year 20 insurance companies of Azerbaijan gathered premiums for AZN 221.068 million (24% more against Jan-Feb 2022) and paid compensations for AZN 70.514 million (81.1% more versus Jan-Feb 2022).were gathered by for Jan-Feb 2023, ABC.AZ reports with reference to the Central Bank.
31.9 manats were paid out of every 100 manats of premiums collected on the insurance market for Jan-Feb 2023. Over the same period of 2022, this figure amounted to 21.8 manats.