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Ranking of Azerbaijani insurers' activity for January-August

Business Materials 24 September 2010 11:55 (UTC +04:00)

Azerbaijan, Baku, Sept. 24 / Trend A.Akhundov /

Summary of 27 Insurance companies operating in Azerbaijan in January-August 2010:

Name of insurance companies

Premiums for January-August  in million manats

Payments for January-August  In million manats

Authorized capital of Insurers

Kinds of insurance

Com.         Vol.

A-Qroup Sıgorta

5.19

3.82

2.56

3

14

AIG Kaspian İnsurance company

1.34

0.04

3.5

1

7

Alfa Sıgorta

1.58

0.13

3.1

5

21

Atəşgah Sıgorta

8.42

3.27

3.7

3

18

Atəşgah Həyat

0.68

0.02

2.3

-

-

AtaSıgorta

2.59

0.41

4

5

21

Azalsıgorta

10.87

0.41

7

3

5

Azərsıgorta

17.00

7.02

4

4

22

Azərqarant Sıgorta

0.52

0.04

2.7

3

24

AzSıgorta

9.49

0.79

4.64

4

27

Azərbaycan Sənaye Sıgorta

3.59

1.03

4

4

26

Bakı Sıgorta

1.91

0.64

4.37

4

20

Başak-İnam Sıgorta ŞirketI

1.57

0.71

2

4

28

Beynelxalq Sıgorta ShirketI

7.08

3.48

8.8

5

32

BE&G

0.29

0.21

2

3

10

Qala

0.10

0.01

1

4

18

Qarant Sıgorta

3.71

0.56

4

5

20

Era Trans Sıgorta

1.63

0.71

3.37

4

22

Əmrah Sıgorta

0.54

0.21

2

3

14

Fidan Sıgorta

0.30

0.12

2

4

25

Günay Sıgorta

0.44

0.10

2.5

1

22

Xalq Sıgorta

5.02

1.17

21.06

3

21

MBASK Sıgorta

5.20

2.36

5.73

2

27

PASHA Sıgorta

7.08

1.59

20

4

27

Revan Sigorta (Star Alyans)

1.23

0.71

3

2

19

Standard Insurance

5.37

1.23

11

4

24

Temz Sıgorta Qrupu

0.31

0.12

0.9

2

22

Total

103.06

30ş92

Total premiums for the year decreased by 15.98 percent (122.67 million manat), payments declined by 8.89 percent (33.94 million manat).

The Azerbaijani Finance Ministry's report for January-August doesn't include the activity results of the only reinsurance company Az RE.

The official exchange rate is 0.8030 manat to $1 Sept. 24.

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