11:41 - 6.05.2024

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May 6, Fineko/abc.az. Azerbaijan has seen a high increase in CASCO insurance premiums in recent years.

ABC.AZ reports that this was reported in response to a request from the Central Bank of Azerbaijan.

Insurance premiums for this class increased by 30% last year and by 37% in the first 3 months of this year.

Measures taken in recent years to increase confidence in insurance and insurance literacy certainly play a role in achieving this dynamic. Currently, the number of CASCO insurance has recently exceeded 43,000, which is equal to 3% of the total number of cars.