Azerbaijan’s property insurance market grows by over 9%

In January-July this year, the premiums on property insurance amounted to 104.188 million manats ($61.29 million) in Azerbaijan, up 9.3% from the same period last year, Report informs referring to the Central Bank of Azerbaijan.

During the reporting period, property insurance payments stood at 10.827 million manats ($6.37 million) , a drop of 18.4% from a year earlier.

In the first seven months of 2022, 10.4 manats ($6.12) were paid for every 100 manats ($58.82) of insurance premiums collected in the market. In the same period last year, this figure was 13.9 manats ($8.18).