Azerbaijan’s insurance market grows 15%

Azerbaijan-based 20 insurers collected 767.914 million manats premiums in January-November this year, 14.9% 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 429.849 million manats, 9.8% more than the same period of 2020.

For the reporting period, 56 manats were paid for every 100 manats of insurance premiums, while this figure was 58.6 manats last year.