Voluntary insurance market in Azerbaijan grows by 22%

In January-February 2022, 143.136 million manats of insurance premiums (+21.6%) were collected in Azerbaijan due to voluntary insurance, Report informs, citing the Central Bank of Azerbaijan.

During the reporting period, voluntary insurance amounted to 24.463 million manats, which is 63.55% less than a year ago.

In January-February 2022, up to 17.1 manats were paid for every 100 manats collected from the voluntary insurance market. This figure was 57 manats in January-February 2021.