Azerbaijan's property insurance market grows by 8%

Property insurance premiums collected in Azerbaijan last year amounted to 158.632 million manats (+7.9% from 2020), Report informs, citing the Central Bank of Azerbaijan.

During the reporting period, the payments on this type of insurance accounted for 24.180 million manats (-19.3%).

In eth reporting period, 15.2 manats were paid for every 100 manats collected on property insurance during the year. In 2020, this figure was 20.4 manats.