AZERBAIJAN: voluntary professional liability insurance in 1H decreased by 53% y-o-y

30 August 2021 — Marina MAGNAVAL
In the first half of the year, GWP on voluntary professional liability insurance decreased by 53% y-o-y, Trend reports citing the data of the Central Bank of Azerbaijan (CBA).

According to the CBA, GWP in this segment in the first six months amounted to slightly more than AZN 848 thousand/~EUR 0.42 million* (vs AZN 1.8 million at the end of June 2020). At the same time, the share of this insurance type in the portfolio of voluntary property insurance amounted to only 1.2%.

There were practically no paid claims for voluntary professional liability insurance in the reporting period (same as a year earlier).

* at the following exchange rate:

1 EUR = 2.0142 AZN (01.07.2021)



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