Non-life insurance market in Azerbaijan grows by 1%

In January-February this year, 115.304 million manat of insurance premiums (+0.9%) were collected in Azerbaijan due to non-life insurance, Report informs, citing the Central Bank of Azerbaijan.

During the reporting period, payments on non-life insurance decreased by 41.4% to 28.489 million manats.

In January-February 2022, 24.7 manats of every 100 manats of insurance premiums collected in the non-life insurance market were reimbursed to customers. This figure was 42.5 manats in January-February 2021.