BAKU, Azerbaijan, June 27. Property insurance collections of Azerbaijan's insurance companies amounted to 89.35 million ($52.5 million) from January through May 2025.
The data obtained by Trend from the Central Bank of Azerbaijan shows that this figure grew by 5.2 million manat ($3 million), or 6.2 percent, compared to the same period in 2024.
In the interim, during the specified reporting timeframe, the
aggregate disbursement of property insurance claims escalated to
17.5 million manat ($10.3 million), reflecting an uptick of 4.2
million manat ($2.47 million) or a substantial 32 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), translating to a growth rate of 11.7 percent in
comparison to the corresponding timeframe in 2024.
Concurrently, during the initial quintet of months in 2025, the
regional insurance entities disbursed indemnity claims totaling
314.788 million manat ($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.
