Last year, 22 Azerbaijani insurance companies collected premiums worth 728,634,000 ($428,866,000), Report informs, referring to the Central Bank of Azerbaijan.

This is 7 percent more compared to the same period of 2019.

The payments made by insurance companies during the reporting period amounted to 465,153,000 manats ($273,759,000), a growth of 54.3 percent more than in 2019.