Voluntary insurance market in Azerbaijan is 4 times bigger than compulsory insurance market

In January-February 2022 Azerbaijan collected 143.1 million manats on voluntary insurance and 35.2 million manats on compulsory insurance.According to the insurance review published by the Central Bank of Azerbaijan, it is up by 21.6% and down by 17.6% from the same period of the past year.In the reviewed period, payments on voluntary insurance dropped by 63.6% to AZN 24.5 millions and payments on compulsory insurance down by 56.2% to AZN 14.5 ...