In January–September this year, insurance premiums collected in Azerbaijan amounted to 657.8 million manats for life insurance and 335.1 million manats for non-life insurance, APA-Economics reports, citing the Central Bank of Azerbaijan.
Compared to the corresponding period of 2025, life insurance premiums increased by 12.7%, while non-life insurance premiums rose by 12.4%.
It should be noted that during the reporting period, life insurance payouts increased by 34.8% to 647.6 million manats, while non-life insurance payouts rose by 11.5% to 109.3 million manats.
Thus, in January–September this year, 98.5 manats in insurance payouts were made for every 100 manats of premiums collected in the life insurance market. This figure stood at 82.3 manats in January–September 2025.
In January–September this year, the amount of payouts per 100 manats of premiums collected in the non-life insurance market amounted to 32.6 manats, compared to 32.9 manats in the corresponding period last year.
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