Compulsory insurance market in Azerbaijan grows by almost 5%

During January-November this year, 309.608 million manats in insurance premiums were collected through compulsory types of insurance in Azerbaijan.

According to Report, citing the Central Bank of Azerbaijan (CBA), this is 4.7% more than in the same period last year.

The amount of payments for compulsory insurance types during the reporting period amounted to 125.961 million manats, which is 27.1% more than a year ago.

Over 11 months, for every 100 manats of insurance premiums, there were 40.7 manats in payments. A year ago, this figure was 33.5 manats.