Insurance premiums up 3.8%, but payouts drop sharply: what it means
According to navigator.az, citing the Central Bank of Azerbaijan, in January-March of this year 20 insurance companies in the country collected 258.425 million manats in insurance premiums. This is 3.8% more than in the same period last year.
At the same time, the amount of payouts made by insurance companies totaled 61.228 million manats. Compared year-on-year, this figure is 2.4 times lower. As a result, out of every 100 manats of collected premiums, only 23.7 manats went to payouts — compared to 58.4 manats in the same period last year.
What the numbers show
The growth in premiums shows that the market is expanding in volume, but the share of payouts has dropped sharply. This does not mean companies are paying less on their obligations — such a difference is usually explained by the presence of large one-off payouts in the previous period, or by a different distribution of the payout schedule between reporting periods. The exact reason is not further explained in the report, so readers should treat this simply as a statistical fact.
From a practical standpoint, these figures do not have direct significance for an individual policyholder — policy terms, deductibles and payout timelines are determined separately in each contract. But for those tracking the overall market dynamics, this indicator is useful.
What's visible on Prayk
Insurance costs are often part of the budget for car and property owners, so it's worth looking at the current picture in the Prayk catalog. The platform currently has 886,305 listings, of which 50,787 are in the "Cars" section, with a median asking price of 14,000 AZN. The number of spare parts and accessories listings is 27,961.
On the real estate side, the "Apartments" category has 102,336 listings; in Baku, the median sale price for new buildings is 275,000 AZN, and for older buildings — 178,000 AZN. For both car and apartment owners, insurance costs are a component of the overall cost of ownership.
What buyers and sellers should do
When buying a car or apartment, it's advisable to review insurance terms separately before signing a contract, and get direct information from the company about payout percentages and timelines. To check the current market price, you can browse the Prices section on Prayk and the Cars catalog; for real estate, the Real Estate section is a useful starting point.
Source: navigator.az, 2026.