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Ranking of Azerbaijani insurers for 8 months

Business Materials 30 September 2009 11:38 (UTC +04:00)


Azerbaijan, Baku, Sept.30 / Trend U.Ismayilova/

Summary table of Azerbaijan's 28 insurance companies' activities in January-July 2009:

Insurance company

Premiums in Jan-Jul, 2009, million manat

Payments in Jan-Jul, 2009, million manat

Authorized capital of the company

Types of insurance

Mandatory. Voluntary

A-Qroup Sığorta

5,12

2,82

1,55

3

14

AIG Kaspian İnsurance company

1,19

0,55

3,5

-

7

Alfa" Sığorta

0,69

0,14

1,5

4

25

"Atəşgah" Sığorta

9,06

2,99

2,7

3

18

"Atəşgah Həyat"

0,17

0,003

1

-

-

AtaSığorta

2,04

0,40

2

4

31

Azalsığorta

12,80

0,006

1

2

12

Az Invest Sigorta (Nisan)

0,06

0,00

3

8

20

Azərsığorta

18,89

9,03

1

4

22

Azərqarant Sığorta

0,36

0,07

0,8

3

23

AzSığorta

7,48

2,97

1

4

27

Azərbaycan Sənaye Sığorta

2,82

0,30

8,8

4

30

Bakı Sığorta

2,68

0,85

0,8

8

23

Başak-İnam Sığorta Şirkəti

1,50

0,57

1

5

6

Beynəlxalq Sığorta Şirkəti

9,22

2,44

4

4

18

BE&G

0,72

0,28

1,1

4

24

Qala

0,07

0,003

4

4

18

Qarant Sığorta

1,96

0,13

3

5

20

Era Trans Sığorta

0,94

0,39

0,806

2

18

Əmrah Sığorta

0,14

0,11

14,78

3

15

Fidan Sığorta

0,41

0,23

2

4

25

Günay Sığorta

1,27

0,14

0,8

2

7

Xalq Sığorta

22,61

0,84

9

3

12

MBASK" Sığorta

4,74

4,36

1

2

5

PAŞA Sığorta

4,81

1,30

9

2

10

Revan Sigorta (Star Alyans)

1,60

0,70

1,96

2

19

Standard İnsurance

5,66

2,23

8

4

24

"Temz Sığorta Qrupu"

0,56

0,09

0,9

4

20

Total

122,67

33,94

Volume of insurers' premiums decreased by 7.8 percent in 2008. The total volume of insurers' premiums for 2008 amounted to 113.02 million manat and payments - 29.19 million manat. The demand for minimum authorized capital of the Azerbaijani insurers for the Jan.1.2009, were 1 million manat, currently this norm was not fulfilled by the five insurance companies. Understanding the situation, the Finance Ministry gave them time to fulfill the requirements.

The activity of the only reinsurance company AzRe Tekrarsigorta was not indicated in the table.

On Sept. 30, the official exchange rate is 0.8035 manat to $1.

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