Over past 5 years, finances raised in agricultural insurance market grew 788.9-fold

12:40 - 25.02.2025


February 25, Fineko/abc.az. Over the past 5 years, finances raised on the agricultural insurance market have increased 788.9-fold and reached 14.2 million manats, ABC.AZ reports, quoting Agricultural Insurance Fund’s representative Azer Mammadov.

"In 2020, insurance premiums in the amount of 18,000 manats were collected and unpaid for agricultural insurance. However, in 2024, this figure grew up to 14.2 million manats, and the volume of insurance payments amounted to 6.4 million manats,” he said.