List of types of insurance that are of the greatest and least interest in Azerbaijan

15:39 - 30.05.2024

May 30, Fineko/ Following Jan-Apr 2024, the insurance market of Azerbaijan grew by 16%, that is, by 75.3 million manats.

ABC.AZ reports with reference to the CBA that it follows from calculations based on indicators that the highest positive dynamics in savings was on voluntary insurance.

In the first 4 months of this year, the voluntary insurance market grew by 68.547 million manats (20%). In addition, 64.3 million manats, or 20% of the growth accounted for voluntary life insurance, and 6.763 million manats, or 5% — for compulsory insurance.

The highest dynamics of savings in voluntary life insurance was recorded on life insurance — 59.728 million manats (31%).

Following Jan-Apr 2024, the most reduced types of insurance were voluntary property insurance against fire and other risks (2.734 million manats/12%), voluntary crop insurance (1.506 million manats/16%) and medical insurance (1.106 million manats/2%).