34 mln. in January 2023 due to the types of life insurance in Azerbaijan.

153 thousand manats, and 81 million manats due to non-life insurance types.

309,000 manat insurance premiums were collected.

"APA-Economics" reports with reference to the Central Bank of Azerbaijan that compared to January of last year, life insurance collections increased by 36% or 9 mln.

152 thousand manats, and collections on non-life insurance are 9.7% or 7 mln.

It has increased by 191 thousand manats.

It should be noted that during the reporting period, the amount of payments for types of life insurance increased 4 times to 19 mln.

673 thousand manats, and the volume of payments for non-life insurance types increased by 56.6% to 7 million manats.

It was equal to 197 thousand manats.

Thus, in January of the current year, insurance payments of 57.3 manats were made for every 100 manats collected in the life insurance market.

This figure was equal to 19.3 manats in January 2022.

During the month of January of this year, the amount of payment per 100 manats of insurance premium in the non-life insurance market was 8.9 manats, which was equal to 6.2 manats in January last year.

Shukran Mammadov