Insurance market of Azerbaijan increased by 13%


October 22, Fineko/abc.az. The total premiums of insurers in Azerbaijan for Jan-Sept 2021 amounted to AZN 655.6 million (12.7% more against Jan-Sept 2020), according to the Central Bank of Azerbaijan.

The amount of compensation payments made by insurance companies for the reporting period reached AZN 373.49 million (21.4% more than a year earlier).

For every 100 manats collected on the insurance market for 9 months, 57 manats of insurance compensations were paid. Over Jan-Sept 2020 this figure was 52.9 manats.