Azerbaijan's insurance market grows by 14%

In January-November of this year, 875.132 million manats ($514.78 million) in insurance premiums were collected through 20 insurance companies in Azerbaijan, 14% more year-on-year, Report informs, citing the Central Bank of Azerbaijan

During the reporting period, the of payments made by insurance companies amounted to 400.953 million manats ($235.85 million), 6.7% less than a year ago.

During the first eleven months of the year, 45.8 manats ($26.94) were paid for every 100 manats ($58.82) collected in the insurance market. In the same period last year, this figure was 56 manats ($32.94).