Core Insights - The insurance sector in Azerbaijan has shown a positive growth trend in the first seven months of the year, with total premium income reaching 9.4 billion manats (5.5 billion USD), reflecting a year-on-year increase of 12.5% [1] Group 1: Premium Income Breakdown - Voluntary insurance premiums accounted for 7.2 billion manats (4.2 billion USD), marking a year-on-year growth of 14.8% [1] - Compulsory insurance premiums totaled 2.2 billion manats (1.3 billion USD), with a year-on-year increase of 5.7% [1] Group 2: Insurance Type Analysis - Life insurance premiums generated 5.3 billion manats (3.1 billion USD), representing a year-on-year growth of 17.1%, with an average payout of 70.8 manats (41.7 USD) for every 100 manats (58.8 USD) in premiums [1] - Non-life insurance premiums reached 4.1 billion manats (2.4 billion USD), showing a year-on-year increase of 7.1%, with an average payout of 37.7 manats (22.2 USD) for every 100 manats (58.8 USD) in premiums [1]