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Azerbaijan records significant growth in credit insurance premiums

Finance Materials 3 January 2023 12:16 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 3. Azerbaijan's credit insurance premiums amounted to 1.5 million manat ($882,384) from January through November 2022, Trend reports via the Azerbaijani Central Bank's report.

This figure increased nearly six times against the same period in 2021 (271,600 manat or $159,770).

In total, Azerbaijan's insurance companies collected premiums exceeding 875.1 million manat ($514.78 million) for the first eleven months of 2022, and paid out 400.95 million manat ($235.86 million).

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