BAKU, Azerbaijan, June 1
By Yusif Aghayev – Trend:
The data on payments in the Azerbaijani insurance market from January through April 2020 has been disclosed, Trend reports referring to a report of the Central Bank of Azerbaijan.
According to the report, Azerbaijani insurance companies paid insurance claims worth 105.6 million manat ($62.1 million) from January through April 2020.
The amount of the paid insurance claims worth 38.9 million manat ($22.9 million) from January through April 2020 shows an increase in claims by 58.7 percent more compared to the same period of 2019.
A review of payments among domestic insurance companies is as follows:
|
Pasha Hayat Sigorta |
37.5 million manat ($22 million) |
|
Pasha Sigorta |
20.9 million manat ($12.3 million) |
|
Ateshgah Hayat Sigorta |
11.04 million manat ($6.5 million) |
|
Xalq Sigorta |
6.2 million manat ($3.6 million) |
|
Ateshgah Sigorta |
5.3 million manat ($3.1 million) |
|
Azerbaijani State Commercial Insurance Company |
5.3 million manat ($3.1 million) |
|
AtaSigorta |
3.4 million manat ($2 million) |
|
A-Group |
3.04 million manat ($1.8 million) |
|
Standard Insurance |
2.9 million manat ($1.7 million) |
|
Ipek Yolu Sigorta |
1.9 million manat ($1.1 million) |
|
AZSIGORTA |
1.9 million manat ($1.1 million) |
|
Qala Hayat Sigorta |
1.5 million manat ($882,352) |
|
Meqa Sigorta |
1.4 million manat ($823,529) |
|
Qala Sigorta |
990,000 manat ($582,352) |
|
Gunay Sigorta |
775,000 manat ($455,882) |
|
Azerbaijan Industrial Insurance Company |
550,000 manat ($323,529) |
|
Amrah Sigorta |
222,000 manat ($130,588) |
|
AXA MBASK Sigorta |
215,000 manat ($126,470) |
|
Revan Sigorta |
161,000 manat ($94,705) |
|
Baku Sigorta |
68,000 manat ($40,000) |
|
Xalq Hayat Sigorta |
- |
|
Nakhchivan Sigorta |
- |
|
Total |
105.6 million manat ($62 million) |
Today, 21 insurance companies and one reinsurance company operate in Azerbaijan.
(1 USD = 1.7 AZN on June 1)