BAKU, Azerbaijan, November 25. Voluntary types of insurance in Azerbaijan resulted in collecting worth 748.89 million manat ($440.5 million) of insurance premiums from January through October 2023, or 24.4 percent more than in the same period last year, Trend reports, referring to the calculations based on the data of the Central Bank of Azerbaijan (CBA).
Payments on types of voluntary insurance in the reporting period amounted to 364.539 million manat ($214.43 million) or 30.6 percent more.
Total collections of all insurance companies of Azerbaijan in the reporting period of 2023 amounted to 1.019 billion manat ($599.41 million), total payments of all insurance companies amounted to 455.012 million manat ($267.65 million).
