Azerbaijan's insurance market grows nearly 12%

In January-November of 2025, just over 1.365 billion manats (just over $803 million) of insurance premiums were collected through 16 insurance companies in Azerbaijan, representing a 11.7% increase year-on-year, Report informs, citing the Central Bank of Azerbaijan (CBA).

During the reporting period, payments from insurance companies rose by 21.7% to around 845 million manats (almost $497 million).

Over the course of eleven months, 61.9 manats ($36.41) of insurance premiums were returned to customers for every 100 manats ($58.82) collected in the insurance market. This figure stood at 56.8 manats ($33.41) in the same period of 2024.