In January-May 2022, premiums on the Azerbaijani insurance market increased by 7.2% to 426.6 million manat.

APA-Economics reports quoting the Central Bank of Azerbaijan that the volume of insurance payments made during this period decreased by 38% to 129.03 million manat.

The loss of the insurance market decreased by 42%.

Thus, 30.2 manat was paid for every 100 manat of insurance premiums collected during the first five months of this year, compared to 52.3 manat in the same period last year.