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

Business Materials 2 July 2009 19:17 (UTC +04:00)

Azerbaijan, Baku, July 2 / Trend , U.Ismayilova/  

The Azerbaijani Finance Ministry divulged on-line data on outcomes of 10 insurance companies' activities to which belong 83.07 percent of the total insurance collections and 86.4 percent of the total payments in January-May, 2009.

Insurance company

Premiums in Jan-May, million manat

Payments in Jan-May, million manat

Premiums in Jan-April 2009, million manat

Payments in Jan-May, million manat

Azal Sigorta

12,04

0,006

12,50

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Azersigorta

11,93

5,61

10,21

4,16

Beynelxalg Sigorta

5,57

1,66

4,23

1,32

Az Sigorta

4,58

1,60

3,87

1,34

Atesgah Sigorta

4,22

1,83

3,41

1,48

A-Qroup

4,04

1,66

4,20

1,05

Xalg Sigorta

3,87

0,46

3,19

0,40

Standard Insurance

3,81

1,35

3,37

1,01

M BASK

2,98

2,22

2,42

1,77

Pasa Sigorta

2,62

0,77

2,10

0,65

Total

55,66

17,166

49,5

13,18

Volume of the insurance market's premiums totaled 67 million manats. The insurance companies paid off 19.86 million manats. The Azerbaijani Finance Ministry did not indicate the activity of the only reinsurance company AzRe in the report.

Official rate on July 2 is 0.8042 AZN/USD.

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