In 2024, health insurance GWP collected by insurance companies operating in Azerbaijan reached AZN 123.1 million (EUR 69.45 million), Trend writes with reference to the Central Bank of Azerbaijan.

According to the Central Bank, paid claims in this segment amounted to AZN 96.6 million (EUR 54.53 million), which is 27.4% less than GWP collected.

For comparison, in 2023, GWP in health insurance amounted to AZN 121 million, and paid claims reached AZN 82.3 million.

In 2024, insurers in Azerbaijan collected AZN 233.5 million (EUR 131.74 million) in property insurance, which is AZN 51.8 million or 28.5% more y-o-y. At the same time, during the reporting period, paid claims in property insurance amounted to AZN 37.9 million, which is AZN 15.9 million or 72.6% more than in 2023, the source writes.

* 1 EUR = 1.7724 AZN (December 31st, 2024)