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Azerbaijan’s insurance market grows by 44%
Finance
- 31 March, 2020
- 07:52
In January-February 2020, Azerbaijan-based 22 insurers collected AZN 190.744 million in premiums, up 43.6% from the previous year, Report informs citing the Central Bank of Azerbaijan (CBA).
In the reporting period, the insurance payments amounted to AZN 49.294 million, up 48.9% in comparison to a year earlier.
During the reporting period, 25.8 AZN of insurance payments accounted for per 100 AZN insurance premiums, while this figure was AZN 24.9 in January-February 2019.
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