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Insurance Companies Pay over $120mln since early 2007

Business Materials 25 October 2007 19:04 (UTC +04:00)
Insurance Companies Pay over $120mln since early 2007

Azerbaijan, Baku / corr Trend .U.Ismayilova / The Azerbaijani Finance Ministry has publicized the results of the insurance companies' activities in Azerbaijan in January to September of 2007.

Total premiums by top 10 insurance companies functioning in the country made up AZN 101.42mln amid claims of AZN 24.2mln.

The top ten companies were as follows:

Insurance company Premiums for January to September (in mlnAZN) Claimants for January to September (in mln AZN ) Premiums over the 1st half of 2007 ( mln AZN) Payments over the 1st half of 2007 ( mln AZN)
Azersigorta 13,94 6,34 9,72 3,64
Azal Sigorta 13,04 033 12,36 0,28
Atesgah 12,85 2,45 10,84 1,56
Standard Insurance 11,09 2,06 7,90 10,24
MBask 8,67 2,15 4,46 1,47
МСК 7,04 0,83 4,22 0,83
Xalq Sigorta 5,18 0,73 3,29 0,44
Pasa Sigorta 5,02 0,08 1,79 0,02
A Qroup 4,37 1,45 2,89 1,26
Ata Sigorta 3,13 0,47 2,17 0,25
Total on all 29 companies operating in 101,42 24,20 70,68 16,26

Amount of claims, which did not enter the top 10 of instance companies vary from AZN 0.04mln to AZN 3.08mln.

According to of the National Ban of Azerbaijan, on 25 October the USD rate in regard to AZN was AZN 0.84.

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