In 1H2025, total GWP of the Agricultural Insurance Fund amounted to AZN 13.11 million (~EUR 6.57 million), which is 18% more y-o-y. Including, in crop production, GWP increased by 13%, and in livestock - by 65%, Trend writes with reference to the Ministry of Agriculture of Azerbaijan.

According to the information, for January-June 2025, the Agricultural Insurance Fund made payments in the amount of AZN 4.43 million (~EUR 2.22 million). In the first half of the year, farmers received AZN 4.24 million for crop damage and AZN 190 thousand for livestock. It is noted that total amount of compensation for damage was 55% higher than in the same period last year.

In January-June 2025, the Agricultural Insurance Fund insured 342.6 thousand hectares of crop areas. GWP amounted to AZN 11.47 million, and guaranteed insurance amount reached AZN 497 million. Also, during the reporting period, the Fund insured 3,231 cattle, which is 84% more y-o-y. Livestock GWP amounted to AZN 1.64 million, while total amount of insurance coverage for livestock reached AZN 19.74 million.

In the first half of 2025, the greatest damage to crop areas was caused by hail (65%), floods (15%), hurricanes (17%) and heavy rains (2%), the source added.

* 1 EUR = 1.9944 AZN (June 30th, 2025)