In Azerbaijan, 3% of cars are insured on CASCO

Azerbaijan has seen a high increase in CASCO insurance premiums in recent years.

banks.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.