BAKU, Azerbaijan, Feb. 16
By Nazrin Israfilova - Trend:
The fees of ten Azerbaijani leading insurance companies reached about 757.5 million manat ($445.6 million) or 89.7 percent of the total volume of insurance fees in 2021, Trend reports.
PASHA Life topped the ranking in terms of insurance fees with 37.08 percent for the reporting period. The company collected the fees in the amount of 313 million manat ($184 million) in 2021.
PASHA Insurance with a total amount of fees worth 179.2 million manat $105.4 million (about 21.23 percent of all fees) ranked second while Azerinsurance with fees worth 54 million manat $31.8 million (6.39 percent) ranked third.
The fees of all Azerbaijani insurance companies for 2021 amounted to 843.9 million manat ($496.4 million).
The Azerbaijan Insurers Association disclosed the results of the activity of insurance companies for 2021.
|
Insurance company |
Fees for 2021 |
Share in volume of fees in the market in 2021, % |
Position in the ranking in 2021 |
|
PASHA Life |
313 million manat ($184 million) |
37.08 |
1 |
|
PASHA Insurance |
179.2 million manat ($105.4 million) |
21.2 |
2 |
|
Azerinsurance |
54 million manat ($31.8 million) |
6.3 |
3 |
|
Ateshgah Life |
44 million manat ($25.9 million) |
5.2 |
4 |
|
Qala Insurance |
43.8 million manat ($25.8 million) |
5.19 |
5 |
|
Xalg Sigorta |
35.5 million manat ($20.9 million) |
4.20 |
6 |
|
Ateshgah Insurance |
25.1 million manat ($14.8 million) |
2.9 |
7 |
|
Mega Insurance |
24.7 million manat ($14.5 million) |
2.9 |
8 |
|
Qala Life |
19.2 million manat ($11.3 million) |
2.27 |
9 |
|
A-Group Insurance |
19 million manat ($11.2 million) |
2.2 |
10 |
|
Total |
757.5 million manat ($445.6 million) |
89.7 |
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