BAKU, Azerbaijan, July 25. Insurance premiums collected under credit insurance in Azerbaijan reached 2.5 million manat ($1.4 million) from January through June 2025.
Data obtained by Trend from the Central Bank (CBA) indicates that this marks an increase of 243,000 manat ($142,840), or 10.7 percent, compared to the same period last year.
Meanwhile, credit insurance payouts over the reporting period totaled 37,000 manat ($21,749), reflecting a slight decline of about 1,000 manat ($587.8 million), or 2.6 percent, year-on-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.
