13:21 - 29.11.2024

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November 29, Fineko/abc.az. The data has been published on premiums and compensation payments on life insurance in Azerbaijan for Jan-Oct 2024.

The premiums on this type of insurance amounted to 501.2 million manats (76.15 million manats, or 18% more versus Jan-Oct 2023 - 425.8 million manats) and compensation payments - 400.77 million manats (150.147 million manats or 60% more against Jan-Oct 2023 - 249.93 million manats), ABC.AZ informs with reference to the CBA.

The loss rate for Jan-Oct 2024 was 80% (a rise of 21% against Jan-Oct 2023 - 59%).