Voluntary insurance market grows by over 28% in Azerbaijan

In January-June this year, the premiums from the voluntary insurance types stood at 470.66 million manats ($276.27 million), up 28.3% from the previous year, Report informs, citing the Central Bank of Azerbaijan.

During the reporting period, the payments on these types of insurance amounted to 174.82 million manats ($102.62 million), up 34.2% from a year earlier.

Thus, in the reporting period, 37.1 manats ($21.77) were paid for every 100 manats ($58.82) of insurance premiums collected on the voluntary insurance types. This figure was 35.5 manats ($20.83) in the same period last year.