BAKU, Azerbaijan, July 25. Property insurance premiums in Azerbaijan totaled 107 million manat ($62.9 million) from January through June 2025.
Data obtained by Trend from the Central Bank (CBA) shows an increase of 9.1 million manat ($5.3 million), or 9.3 percent, compared to the same period in 2024.
Insurance payouts in the property segment also rose significantly, reaching 20.2 million manat ($11.8 million), which is 4 million manat ($2.3 million), or 24.6 percent, higher 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). Data indicates that this represents 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.
