Bond.az White LogoBond.az Black Logo
→
EN ▾
AZENRU
Flood causes damage in Nakhchivan: houses underwaterMaduro's son explains quake damage reasons2026 WC Scandal: US Blocks Iran FlightBank assets exceed 59 billion manatPUIC's 20th Session Concludes in BakuVenezuela's strongest earthquake in 126 years recorded10-year-old boy stabs woman in FranceAzerbaijani banks net profit $327 mln in 5 monthsMaxwell seeks retrial in Epstein caseInsurance market in Azerbaijan grows 17%Flood causes damage in Nakhchivan: houses underwaterMaduro's son explains quake damage reasons2026 WC Scandal: US Blocks Iran FlightBank assets exceed 59 billion manatPUIC's 20th Session Concludes in BakuVenezuela's strongest earthquake in 126 years recorded10-year-old boy stabs woman in FranceAzerbaijani banks net profit $327 mln in 5 monthsMaxwell seeks retrial in Epstein caseInsurance market in Azerbaijan grows 17%
Personalize
Bond.az White LogoBond.az Black Logo
AZENRU
ECONOMY

Insurance market in Azerbaijan grows 17%

Azerbaijan's insurance market grew 17% in five years. Abas Miskərli at AIIF 2026 said the market expanded 11% in 2025, and insurance penetration reached 1.63% of GDP.

James Taylor
ByJames Taylor- Senior Editor
|
0
Insurance market in Azerbaijan grows 17%
Photo: Prepared by Bond.az

Azerbaijan's insurance market has grown by over 17% in the last five years.

This was announced by Abas Miskərli, Executive Director of the Azerbaijan Insurers Association, during a speech at the Azerbaijan International Insurance Forum (AIIF 2026).

According to him, in 2025 the insurance market expanded by 11% compared to the previous year. The volume of insurance payments also increased.

As a result, the share of insurance premiums in GDP rose to 1.63% in 2025.

Miskərli noted: "Over the past six years, large-scale awareness campaigns have been conducted to improve insurance literacy. Key goals for the coming years include increasing insurance penetration by 3-4 times, simplifying access to services, and eliminating existing protection gaps."

Currently, 16 participants operate in Azerbaijan's insurance market.

More News
Bank assets exceed 59 billion manat
Today / 08:30
|
752

Bank assets exceed 59 billion manat

Azerbaijani banks' assets exceeded 59 billion manat. Central Bank data shows a 3.2% increase in assets in May.

ECONOMY →
0
Azerbaijani banks net profit $327 mln in 5 months
Today / 08:00
|
610

Azerbaijani banks net profit $327 mln in 5 months

Azerbaijani banks reported a net profit of 557.1 million manat in the first five months of 2026. Operating profit stood at 837.5 million manat, according to the Central Bank.

ECONOMY →
0
Aquaculture registration fee rises to 70 manat
Today / 06:31
|
281

Aquaculture registration fee rises to 70 manat

Azerbaijan increases state fee for aquaculture farm registration from 50 to 70 manat. Learn about the proposed changes and their impact on the sector.

ECONOMY →
0
Brent crude drops below $73
Today / 05:31
|
214

Brent crude drops below $73

Brent crude oil price fell below $73 per barrel on London ICE exchange, dropping to $72.89. Read the latest updates.

ECONOMY →
0
Changes in compulsory insurance types expected
Yesterday / 10:31
|
800

Changes in compulsory insurance types expected

Central Bank of Azerbaijan announces changes in compulsory insurance types. Motor insurance limit remains at 5 million manats with automatic restoration.

ECONOMY →
0
New Payment Module to Be Applied in TQH (MİQ)
Yesterday / 09:30
|
627

New Payment Module to Be Applied in TQH (MİQ)

A new payment module for the Teacher Recruitment (MİQ) system is to be implemented. Project cost is 513,827 manats.

ECONOMY →
0
700 million manat investment in agriculture
Yesterday / 08:02
|
588

700 million manat investment in agriculture

Azerbaijan's agriculture sector to get 700 million manat investment. President's aide Zeynal Naghdaliyev says funds will boost crop, livestock, and processing industries.

ECONOMY →
0
Insurance assets exceed 2 billion manat
Yesterday / 07:32
|
990

Insurance assets exceed 2 billion manat

Azerbaijan insurance sector assets reach 2.1 billion manat, capital requirements doubled.

ECONOMY →
0
Cybersecurity of financial markets assigned to Central Bank
Yesterday / 06:32
|
366

Cybersecurity of financial markets assigned to Central Bank

Cybersecurity of financial markets assigned to Central Bank. New draft law strengthens cyber protection measures.

ECONOMY →
0
Cyberattacks on Intelligence Agencies to Remain Secret
Yesterday / 06:31
|
891

Cyberattacks on Intelligence Agencies to Remain Secret

Cyberattacks on intelligence agencies will remain secret under a new bill centralizing cybersecurity information for critical systems.

ECONOMY →
0
Azerbaijan oil price drops to $79.76
Yesterday / 06:01
|
614

Azerbaijan oil price drops to $79.76

Azerbaijan oil price drops: "Azeri Light" crude falls to $79.76 per barrel.

ECONOMY →
0
SOCAR launches innovation competition
2026-06-23 17:01
|
373

SOCAR launches innovation competition

SOCAR launches innovation competition on smart urban planning. Students, startups, and researchers can apply for a 6-week mentorship program.

ECONOMY →
0
...
Insurance market in Azerbaijan grows 17% | Bond.az