AZERBAIJAN: The market grew by 2% y-o-y in Jan-Feb

According to The Financial Market Supervisory Authority of Azerbaijan, total market GWP in January-February amounted to AZN 132.82 million (~EUR 68.69 million), 2.05% more y-o-y. Total paid claims dropped by 18.2%, to AZN 33.12 million (~EUR 17.13 million), Trend News Agency reports.

Based on data from the Supervisory Authority, 78.3% of GWP were generated by voluntary insurance and 21.7% by compulsory lines. In terms of paid claims, 64.4% were paid in voluntary classes and 35.6% in compulsory ones.

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