The total capital of Azerbaijan's insurance sector doubles regulatory requirements.
Aliyar Mammadov, deputy chairman of the Central Bank, announced this at the 11th International Insurance Forum.
Over the past two years, insurance premiums grew 23% to 1.5 billion manat, while payouts rose 57% to 0.9 billion manat.
Assets increased 18% to 2.1 billion manat. The capital position has significantly strengthened.
The Central Bank is developing a new strategic plan.
