Life insurance in Azerbaijan amounted to AZN 79.3 million (~EUR 44.13 million) in January-November 2024. According to the Central Bank, this is AZN 5.2 million, or 7% more y-o-y, Trend writes.

According to the Central Bank, non-life insurers collected AZN 230.3 million during the period under review, which is AZN 8.8 million, or 4% more y-o-y.

It is noted that in January-November 2024, life paid claims increased by 21.8% and amounted to EUR 4.2 million, while paid claims in non-life insurance rose by 27.3% and reached AZN 121.7 million.

*EUR 1 = AZN 1.7969 (29.11.2024)