Life insurance payouts in Azerbaijan surge 34.3%

Life insurance premiums collected in Azerbaijan totalled 704.525 million manats ($414.43 million) in January–September 2026.

Report informs, citing the Central Bank of Azerbaijan, that this represents a 7.5% increase compared with the same period of 2025.

Life insurance payouts rose by 34.3% to 650.712 million manats ($382.77 million) during the reporting period.

Insurers paid customers 92.4 manats ($54.35) for every 100 manats ($58.82) collected in life insurance premiums over the nine months, compared with 73.9 manats ($43.47) 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.