Azerbaijan’s non-life insurance sector continued its upward trend in 2025, showing both rising premiums and stable payout ratios, according to the Central Bank of Azerbaijan (CBA).
From January to September 2025, total premiums in non-life insurance reached 501.8 million manats, an 8.3% increase compared to the same period last year. Payouts rose 4.5%, totaling 199.2 million manats.
For every 100 manats in premiums, insurers paid 39.7 manats in claims, slightly down from 41.1 manats a year earlier – indicating improved profitability and stronger portfolio performance across the sector.
Property Insurance on the Rise
Premiums from property insurance reached 182.7 million manats, up 9.8% year-on-year, while payouts grew 32.6%, totaling 31.3 million manats.
In this segment, payouts per 100 manats of premiums stood at 17.2 manats, compared with 14.2 manats in the same period last year, reflecting an increase in claim activity but continued market resilience.
Mandatory Insurance Also Expands
The mandatory insurance segment collected 275.4 million manats in premiums over nine months – an increase of 6.6% compared to 2024.
Payouts amounted to 105.4 million manats, up 6.5% year-on-year. The payout ratio remained steady at 38.3 manats per 100 manats of premiums, signaling sustained stability in the compulsory insurance market.
Azerbaijan’s insurance sector continues to show moderate, balanced growth, supported by improved regulation, higher consumer participation, and the Central Bank’s efforts to strengthen financial oversight and risk management.
