In January-July, Azerbaijani insurance companies collected premiums of 1.006 billion manats, up 7.3% year-on-year.
AI will summarize what happened, why it matters and what it means for business.
According to the Central Bank of Azerbaijan, in January-July of this year, insurance companies operating in Azerbaijan collected insurance premiums totaling 1.006 billion manats.
The bank reported that this figure is 7.3% higher than in the same period last year.
"During the reporting period, insurance payments amounted to 671.4 million manats, indicating a year-on-year increase of 26.9%," the information says.
Azerbaijani insurance companies collected premiums of 1.006 billion manats, up 7.3% year on year
Azerbaijan's insurance market grew: premiums reached 1.006 billion manats, payments 671.4 million manats.
Further market development is expected, with possible regulatory changes.
The Central Bank of Azerbaijan runs monetary policy and oversees the manat and the financial sector.