Non-life insurance market in Azerbaijan grows by almost 4%

From January to November this year, premiums for non-life insurance in Azerbaijan amounted to 555,335,000 manats.

Report informs, citing the Central Bank of Azerbaijan, that this is 3.7% more compared to the same period last year.

During the reporting period, payments for non-life insurance increased by 9.4%, reaching 243,346,000 manats.

Over 11 months, for every 100 manats of collected insurance premiums, there were 43.8 manats in payments. A year ago, this figure was 41.5 manats.