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Xalg Sigorta leads in TOP-10 on volume of insurance premiums in Azerbaijan

Business Materials 8 September 2009 12:37 (UTC +04:00)

Azerbaijan, Baku, Sept. 8 / Trend U. Ismayilova /

The Azerbaijani Finance Ministry divulged on-line data on outcomes of 10 insurance companies' activities to which belong 84.5 percent of the total insurance collections and 84.9 percent of the total payments in January-July, 2009.

Insurance company

Premiums in Jan-July, 2009, million manat

Payments in Jan-July, 2009, million manat

Premiums in Jan-June 2009, million manat

Payments in Jan-June, million manat

Xalg Sigorta

22.04

0.80

4.43

0.57

Azersigorta

17.59

8.04

12.71

6.77

Azal Sigorta

12.79

0.006

12.59

0,006

Beynelxalg Sigorta

8.05

2.09

6.77

1.89

Atesgah Sigorta

7.78

2.61

6.86

2.19

Pasa Sigorta

7.09

1.13

4

0.90

Az Sigorta

6.25

2.41

5.56

1.95

A-Qroup

5.03

2.41

4.73

1.88

Standard Insurance

4.50

1.56

4.66

1.55

M BASK

4.43

3.71

3.72

3.50

Total

95.55

24.77

65.93

21.206

Xalg Sigorta led the ranking on the volume of insurance collections, while Azal Sigorta led in the previous months and the biggest payment was carried out by AzeriSigorta state commercial insurance company, as last month.

Volume of the insurance market's premiums totaled 113.02 million manats. The insurance companies paid off 29.19 million manats. The Azerbaijani Finance Ministry did not indicate the activity of the only reinsurance company AzRe for January-July in the report.

On Sept. 8, the official exchange rate is 0.8037 manat to $1.

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