Azerbaijan's insurance market grew by nearly 18% in January

In January 2025, more than 163.6 billion manats (almost $96.27 million) of insurance premiums were collected through 16 insurance companies in Azerbaijan, marking a 17.6% increase year-on-year, Report informs, citing the Central Bank of Azerbaijan.

In the first month of 2025, payments from insurance companies rose by 22.8% to just over 47.6 million manats ($28 million).

Thus, in January, 29.1 manats ($17.12) of insurance premiums were returned to customers for every 100 manats ($58.82) collected in the insurance market. This figure stood at 27.9 manats ($16.41) in the same month of 2024.