BAKU, Azerbaijan, November 26. Total payments of 10 leading insurance companies in Azerbaijan amounted to 433.08 million manat or $254.7 million (95.18 percent of total insurance payments) from January through October 2023, Trend reports.
In the reporting period, the ranking on the volume of insurance payments was headed by Pasha Life Insurance which made payments of 228.2 million manat ($134.2 million), accounting for 50.15 percent of the total insurance payments of all companies.
The second position in the ranking was taken by Pasha Insurance with total payments amounting to 77.7 million manat or $45.7 million (17.08 percent of all payments), and the third position was taken by Azerbaijan Industry Insurance - 30.6 million manat or $18 million (6.73 percent).
Total payments of all insurance companies in Azerbaijan amounted to 455 million manat ($267.6 million) from January through October 2023.
|
Insurance company |
Payments |
Share in total insurance payments (%) |
Ranking |
|
PASHA Life Insurance |
228.2 million manat ($134.2 million) |
50.15 |
1 |
|
PASHA Insurance |
77.7 million manat ($45.7 million) |
17.08 |
2 |
|
Azerbaijan Industry Insurance |
30.6 million manat ($18 million) |
6.73 |
3 |
|
Ateshgah life |
21.9 million manat ($12.8 million) |
4.82 |
4 |
|
Xalg Insurance |
19.8 million manat ($11.6 million) |
4.37 |
5 |
|
Ateshgah Insurance Company |
14 million manat ($8.2 million) |
3.08 |
6 |
|
State Insurance Company of the Azerbaijan Republic |
13.3 million manat ($7.8 million) |
2.93 |
7 |
|
A-Group Insurance Company |
12.1 million manat ($7.1 million) |
2.66 |
8 |
|
Qala Insurance |
7.89 million manat ($4.6 million) |
1.74 |
9 |
|
Mega Insurance |
7.36 million manat ($4.3 million) |
1.62 |
10 |
|
TOTAL |
433.08 million manat ($254.57 million) |
95.18 |
- |
The total payments of 10 leading insurance companies of Azerbaijan amounted to 410.6 million manat ($241.5 million) in 2022.