BAKU, Azerbaijan, June 27. Loan insurance collections of Azerbaijan's insurance companies amounted to 1.38 billion ($810 million) from January through May 2025.
The data obtained by Trend from the Central Bank of Azerbaijan shows that
this metric experienced a decrement of 500,000 manat ($294,000),
representing a contraction of 26.6 percent relative to the
corresponding timeframe in 2024.
In the interim, during the specified reporting timeframe, the
aggregate volume of loan insurance disbursements was recorded at
34,000 manat ($20,000), reflecting a decrement of 1,000 manat
($590) or a contraction of 2.9 percent relative to the
corresponding quintet of months from the previous fiscal year.
It is noteworthy that the insurance sector in Azerbaijan reported a
total accumulation of insurance premiums amounting to 719.35
million manat ($424.4 million) during the period 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.
Simultaneously, during the initial quintet of months in 2025, the
regional insurance entities disbursed indemnity claims totaling
314.79 million manat ($185.7 million). This denotes a
year-over-year escalation of 40.5 million manat ($23.9 million),
translating to a growth rate of 14.8 percent.
