Azerbaijan's property insurance premiums rise 20.2%

Property insurance premiums collected in Azerbaijan totalled 219.597 million manats ($129.17 million) in January–September this year.

Report informs, citing the Central Bank of Azerbaijan, that this represents a 20.2% increase compared with the same period of 2025.

Property insurance payouts totalled 37.307 million manats ($21.95 million), up 19.1% year-on-year.

Payouts amounted to 17 manats ($10) for every 100 manats ($58.82) collected in property insurance premiums over the nine months, compared with 17.2 manats ($10.12) a year earlier.

Overall, Azerbaijan's 16 insurance companies collected 1,248.485 million manats ($734.40 million) in premiums in January–September, up 7.9% year-on-year. Their payouts totalled 882.723 million manats ($519.25 million), an increase of 29.1%.

Across the insurance market, payouts amounted to 70.7 manats ($41.59) for every 100 manats ($58.82) collected in premiums, compared with 59.1 manats ($34.76) in the same period last year.