A total of 643,754,000 manats (about $378.56 million) of insurance premiums were collected through 17 insurance companies in Azerbaijan during January-May 2024, marking an increase of 13.65% year-on-year, Report informs, citing the Central Bank of Azerbaijan.

During the reporting period, payments from insurance companies rose by 55.7 to 274,837,000 manats (about $161.62 million).