At the end of 2025, Azerbaijani insurance market amounted to AZN 1,504.71 million (EUR 751.53 million), which in local currency is 11.20% more y-o-y, according to data published by the Central Bank of Azerbaijan. At the same time, in euros the market performance was negative (-1.56%).

Voluntary life insurance accounts for almost half (49.94%) of total GWP, having grown by 16.72% by the end of the year. Non-life insurance (voluntary and mandatory summed) accounted for 43.31%.

Total paid claims at the end of last year amounted to AZN 920.40 million, which is 22.28% more y-o-y in AZN. It's worth noting that life insurance recorded double-digit growth in claims (+33.04%), while non-life insurance saw a slight increase of only 2.97%. Among insurance classes with market shares exceeding 2%, medical insurance and immovable property insurance recorded a decline in paid claims.

At the end of 2025, 16 insurers operated in the market. PASHA LIFE firmly held the lead (AZN 679.75 million/EUR 339.50 million), while PASHA Insurance remained in second place (AZN 355.16 million/EUR 177.39 million). Ateshgah Life, as it did the year before, rounded out the top three far ahead of the first two (AZN 112.49 million).

Access xprimm.com and download the latest Azerbaijani insurance market statistics for FY2025 in EUR and AZN.