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CBA shares data on increase in premiums in Azerbaijan's insurance market

Economy Materials 29 November 2022 14:44 (UTC +04:00)
CBA shares data on increase in premiums in Azerbaijan's insurance market
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, November 29. A total of 797.625 million manat ($469.1 million) of insurance premiums were gathered through insurance companies from January through October 2022 in Azerbaijan, the Central Bank of Azerbaijan told Trend.

This rate is 13 percent higher than in the same period of the previous year.

According to the bank, the number of payments, made by insurance companies during the accounting period totaled 359.297 million manat ($211.3 million), which is 10.4 percent less in annual terms.

"During the accounting period, a total of 45 manat ($26) of payments were made for every 100 manat ($58.8) of insurance premiums. For the same period of the previous year, this rate totaled 56.9 manat ($33.4)," said the CBA.

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