BAKU, Azerbaijan, June 26. Life insurance collections of Azerbaijan's insurance companies amounted to 370.5 million ($217.9 million) from January through May 2025.
The data obtained by Trend from the Central Bank of Azerbaijan shows that
this metric experienced an uptick of 53.6 million manat ($31.5
million), reflecting a growth trajectory of 16.9 percent relative
to the corresponding timeframe in 2024.
Concurrently, during the specified reporting interval, the
aggregate quantum of life insurance disbursements reached 203.08
million manat ($119.8 million). The figure stands at 34.2 million
manat ($20.2 million), reflecting a 20.2 percent increase compared
to the corresponding quintet of months from the previous fiscal
year.
It is noteworthy that the insurance sector in Azerbaijan reported a
total collection of insurance premiums amounting to 719.35 million
manat ($424.4 million) from January to May of the current fiscal
year. This reflects an increase of 75.6 million manat ($44.6
million), representing a growth rate of 11.7 percent when
juxtaposed with the corresponding timeframe in 2024.
Furthermore, during the initial quintet of months in 2025, the
regional underwriting entities disbursed indemnity claims totaling
314.788 million manat (equivalent to $185.7 million). This denotes
a year-over-year escalation of 40.5 million manat ($23.9 million),
translating to a 14.8 percent uptick.
