Life insurance market in Azerbaijan grows 27%

In January-June this year, insurance premiums worth 245.898 million manats ($144.646 million) were collected in Azerbaijan as part of life insurance.

This is 27% more than in the same period last year, Report informs citing the Central Bank of Azerbaijan.

During the reporting period, payments by types of life insurance decreased by 40.1% and amounted to 84.767 million manats ($49.863 million).

Every 100 manats ($58.82) of fees accounted for 34.5 manats ($20.29) of insurance payments. In January-April 2021, this figure was 73.1 manats ($43).