Azerbaijan’s insurance market grows 12%

Azerbaijan-based 20 insurers collected 705.7 million manats premiums in January-October this year, 12.3% more than a year earlier, Report informs referring to the Central Bank of Azerbaijan.

The payments by insurance companies for the reporting period amounted to 401.211 million manats, which is 14.6% more than the same period of 2020.

For the reporting period, 56.8 manats were paid for every 100 manats of insurance premiums, while this figure was 55.7 manats last year.