BAKU, Azerbaijan, February 10. Priorities for
the sustainable development of the insurance sector were discussed
in Azerbaijan, Chairman of the Central Bank of Azerbaijan (CBA)
Taleh Kazimov wrote on his X page, Trend reports.
"We held the first meeting of the current year with the leaders
of the insurance sector at the CBA.
During the meeting, we discussed the results of the insurance
sector's activities for 2025, near- and medium-term development
prospects, and priorities for the sustainable development of the
sector.
We also had a broad exchange of views during the meeting on
projects implemented to strengthen corporate governance in the
insurance sector and risk-based prudential regulation, as well as
improve mandatory and voluntary types of insurance," he
emphasized.
In 2025, insurance premiums collected through insurance
companies in Azerbaijan totaled 1.5 billion manat ($885 million).
This figure represents a growth of 151.5 million manat ($89
million), or 11.2%, compared to 2024.
During the same period, insurance companies operating in
Azerbaijan made insurance payouts of 920.4 million manat ($541
million), marking a year-on-year increase of 167.7 million manat
($98 million) or 22.3%.
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