Non-life insurance premiums collected in Azerbaijan totalled 543.961 million manats ($319.98 million) in January–September this year.
Report informs, citing the Central Bank of Azerbaijan, that this represents an 8.4% increase compared with the same period of 2025.
Non-life insurance payouts rose by 16.5% to 232.011 million manats ($136.48 million) during the reporting period.
Insurers paid customers 42.7 manats ($25.12) for every 100 manats ($58.82) collected in non-life insurance premiums over the nine months, compared with 39.7 manats ($23.35) a year earlier.
Overall, Azerbaijan's 16 insurance companies collected 1,248.485 million manats ($734.40 million) in premiums in January–September, up 7.9% year-on-year. Their payouts totalled 882.723 million manats ($519.25 million), an increase of 29.1%.
Across the insurance market, payouts amounted to 70.7 manats ($41.59) for every 100 manats ($58.82) collected in premiums, compared with 59.1 manats ($34.76) in the same period last year.