In 2021, Azerbaijan-based insurers collected 460.789 million manats in premium on the non-life insurance, up 8.4% from the previous year, Report informs, citing the Central Bank of Azerbaijan.
The payments on this type of insurance increased by 20.2% to 218.94 million in the reporting period.
For the reporting period, 47.5 manats were paid for every 100 manats of insurance premiums, while this figure was 42.9 manats last year.