Interest in voluntary loan insurance grew by 67% 

12:52 - 11.06.2024

June 11, Fineko/ The Central Bank of Azerbaijan has reported on premiums and compensation payments on voluntary loan insurance.

ABC.AZ reports with reference to the CBA that for Jan-Apr 2024 that the premiums on this type of insurance amounted to 1.49 million manats (599,000 manats, or 67% more versus Jan-Apr 2023 – 890,000 manats). During this period, compensations on this type of insurance totaled 28,000 manats.
The loss rate for the reported period was 1.9%.