BAKU, Azerbaijan, October 28. Azerbaijan’s compulsory insurance segment recorded steady growth from January through September 2025, collecting 275.4 million manat ($162 million) in premiums.
Data obtained by Trend from the Central Bank (CBA) indicates that this represents an increase of 17.1 million manat ($10 million), or 6.6 percent, compared to the same period last year.
Meanwhile, payments under compulsory insurance during the reporting period rose by 6.5 million manat ($3.8 million), or 6.5 percent, reaching 105.4 million manat ($62 million). As a result, for every 100 manat ($58.8) collected in premiums, 38.3 ($22.5 million) was returned to policyholders.
To note, Azerbaijan’s insurance market, including 16 insurance companies, collected 1.15 billion manat ($676.4 million) in premiums during the same period, up 133.5 million manat ($78.5 million), or 13 percent, from last year.
Total insurance payouts reached 683.9 million manat ($402.2 million), marking an increase of 130.1 million manat ($76.5 million), or 23.5 percent.
