Azerbaijan sees 16% rise in mandatory insurance payments 

In January-October 2021, the premiums on compulsory insurance types amounted to 223.047 million manats, up 15.5% from the previous year, Report informs, citing the Central Bank of Azerbaijan.

In the reporting period, the payments on the compulsory insurance types stood at 101.363 million manats, showing an 80.7% increase compared to a year earlier.

Over the past ten months, 45.4 manats of insurance payments accounted for every 100 manats of insurance premiums, while this figure was 29 manats in January-October 2020.