GWP and paid claims in Azerbaijan for voluntary travel insurance decreased in January-August 2024, ABC.AZ reports with reference to the Central Bank.

According to the Central Bank, premiums for this insurance type amounted to AZN 4.93 million (~EUR 2.62 million) in January-August this year, which is 9% less y-o-y.

Also, during the period, paid claims in the segment amounted to AZN 181 thousand, which is 5% less than a year ago.

At the same time, the loss ratio for this LoB in the reporting period was 4% and has not changed over the year, the source added.

*EUR 1 = AZN 1.88 (31.08.2024)