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Azerbaijan sets new targets for insurance sector development through 2030

GenevaTimes by GenevaTimes
May 26, 2026
in Europe
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Azerbaijan sets new targets for insurance sector development through 2030
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Azerbaijan sets new targets for insurance sector development through 2030

BAKU, Azerbaijan, May 26. By 2030, the per
capita insurance premium in Azerbaijan is planned to increase to
220 manat ($129.4), Trend reports.

This is reflected in the “State Program on expanding financial
inclusion for 2027-2030” approved by the President of the Republic
of Azerbaijan, Ilham Aliyev. According to the document, in 2025,
this figure stood at 147 manat ($86.4).




In addition, the document outlines plans to increase the total
number of unique policyholders in the country (life and non-life
insurance) to 32% of the adult population by 2030. Last year, this
figure stood at 25%.

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