Voluntary personal insurance payments in Azerbaijan increased 26% to $8.44 million in Jan-Feb 2023, driven by improved living standards, insurance awareness, and sector reforms.
In Azerbaijan, voluntary personal insurance payments increased by 26% to $8.44 million in Jan-Feb 2023, compared to the same period in 2022. This growth is attributed to improved living standards, increased awareness of insurance importance, and insurance sector reforms. The upward trend signifies growing demand for financial protection and risk management solutions in the country.
April 06, 2024
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