BAKU, Azerbaijan, July 25. Non-life insurance collections of Azerbaijan's insurance companies amounted to 177.57 million manat ($104.7 million) from January through June of this year.
The data obtained by Trend from the Central Bank (CBA) shows that this figure grew by 12.6 million manat ($7.4 million) or 7.6 percent year-on-year.
At the same time, over the reporting period, the volume of non-life insurance payouts amounted to 54.28 million manat ($32 million), which is 2.9 million manat ($1.7 million) or 5.6 percent more than in the first half of last year.
Azerbaijan’s insurance market experienced notable growth from January through June 2025, with insurance premiums collected by domestic companies totaling 817 million manat ($480.5 million), representing an increase of 91.9 million manat ($54 million), or 12.7 percent, compared to the same period in 2024.
Meanwhile, insurance payouts made by companies in Azerbaijan during the same period amounted to 432.1 million manat ($254.1 million), up by 76.1 million manat ($44.7 million), or 21.4 percent, year-on-year.
