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Top 10 of Azerbaijani insurance companies on volume of premiums, payments

Business Materials 11 June 2009 15:15 (UTC +04:00)

Azerbaijan, Baku, June 11 / Trend , U.Ismayilova/  

The Azerbaijani Finance Ministry divulged on-line data on outcomes of 10 insurance companies' activities to which belong 84.7 percent of the total insurance collections and 86.5 percent of the total payments in January-April, 2009.

There are a total of 28 insurance companies and one re-insurance company operating in Azerbaijan.

Insurance company

Premiums in Jan-Apr, Million manat

Payments in Jan-Apr, million manat

Premiums over Jan-Mar. Million manat

Payments over Jan-Mar. million manat

Azal Sigorta

12.50

00.00

9.05

00.00

Azersigorta

10.21

4.16

5.80

2.86

Beynelxalg Sigorta

4.23

1.32

3.04

0.86

A-Qroup

4.20

1.05

3.55

0.59

Az Sigorta

3.87

1.34

2.92

0.94

Atesgah Sigorta

3.41

1.48

2.86

0.99

Standard Insurance

3.37

1.01

3.01

0.60

Xalg Sigorta

3.19

0.40

2.85

0.27

MBASK

2.42

1.77

2.07

1.39

Pasa Sigorta

2.10

0.65

1.54

0.44

Всего

49.5

13.18

36.69

8.94

Volume of the insurance market's premiums totaled 58.46 million manats (this figure amounted to 42.89 million manat in the first quarter of 2008) in this period. The insurance companies paid off 15.23 million manats (10.32 million manat). The Azerbaijani Finance Ministry did not indicate the activity of the only reinsurance company AzRe in the report.

On June 11, the official exchange rate is 0.8039 manat to $1.

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