In January-March 2023, compulsory real estate insurance collections in Azerbaijan amounted to 36 million 440.5 thousand manats.

"APA-Economics" reports with reference to the Central Bank of Azerbaijan that this indicator is 44.3% or 11 million 118.4 thousand manats more than the corresponding period of 2022.

Thus, 25 million 252.1 thousand manat insurance premiums were collected in January-March 2022.

In this period, the volume of payments for compulsory insurance of real estate was 390.8 thousand manats, which is 42% or 115 thousand manats more than in the same period last year.

In January-March last year, the amount of payments for this type of insurance was equal to 275.3 thousand manats.

It should be noted that in the first 3 months of last year, insurance companies allocated 1.1 manats from every 100 manats they collected for this type of insurance, while in the first 3 months of the current year, this figure was 1.04 manats.