BAKU, Azerbaijan, August 2. Azerbaijan's credit insurance premium increased nearly 4.5 times as of July 1, 2022 year-on-year, Trend reports via the Central Bank of Azerbaijan's (CBA) report.
According to the CBA, credit insurance fees amounted to 466,800 manat ($274,597) from January through June 2022 against 103,900 manat ($61,119) in the same period of 2021.
In total, Azerbaijan's insurance companies collected premiums amounting to over 491 million manat ($288.8 million) from January through June 2022, while their payments totaled 174.9 million manat ($102.88 million).