BAKU, Azerbaijan, April 5. Azerbaijan's insurance market has grown by 17 percent since last week, Trend reports.
Rankings for insurance companies have been disclosed based on the volume of payments made from January through February 2025, as well as rankings based on the volume of collections and dynamics of collections and payments.
Furthermore, there has been a notable uptick in the aggregation of receivables and disbursements pertaining to elective automotive coverage, real estate protection plans, mortality risk policies, and living benefit life insurance products. Nonetheless, the revenue streams associated with civil liability insurance have experienced a downturn, whereas disbursements have escalated. Within the realm of non-life insurance, there has been a notable uptick in revenue streams, while disbursements have experienced a contraction.
Furthermore, the volume of loans provided to small businesses in Azerbaijan has decreased. Large businesses received 77 million manat ($45.2 million) in credit in one month, while medium-sized businesses received 83 million manat ($48.8 million) in February. However, loans to micro-businesses have decreased by 40 million manat ($23.5 million) in one month.
