Azerbaijan posts 31% rise in property insurance market

In January-April this year, the premiums on property insurance amounted to 61.269 million manats ($36.04 million) in Azerbaijan, up 30.9% from the same period last year, Report informs referring to the Central Bank of Azerbaijan.

During the reporting period, the payments on this type of insurance stood at 8.09 million manats ($4.76 million), a growth of 25.9% from a year earlier.

In the first two months of 2023, 13.2 manats ($7.76) were paid for every 100 manats ($58.82) of insurance premiums collected in the market, while this figure was 13.7 manats ($8.06) in the same period of the previous year.