AZERBAIJAN: in January-September 6 out of 20 insurance companies recorded GWP decrease y-o-y

1 November 2021 — Marina MAGNAVAL
According to ABC.AZ, in January-September 2021, GWP decreased in 6 out of 20 insurance companies in the country, while 14 insurance companies recorded growth.

The largest decrease was recorded in two companies: Azsigorta's GWP fell by 35%, from AZN 12.9 million a year earlier to AZN 8.4 million this year (~EUR 4.3 million*); Meqa Sigorta's GWP decreased by 28% from last year's result of AZN 25.6 million to AZN 18.5 million this year (~EUR 9.4 million).

* at the following exchange rate:

1 EUR = 1.9682 AZN (01.10.2021)



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