In January–June of this year, insurance premiums in Azerbaijan’s insurance market rose to 817.04 million manats, APA-Economics reports citing the Central Bank of Azerbaijan.
This is 12.7% more compared to the same period of 2024.
During this period, the total amount of payouts made by insurance companies reached 432.2 million manats. In other words, the volume of payouts increased by 21.2% over the past year.
As a result, the loss ratio of the insurance market rose from 49.2% to 52.9%.