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Only state insurance company leads top-10 of Azerbaijani insurance companies in January-November

Business Materials 16 December 2010 12:30 (UTC +04:00)

Azerbaijan, Baku, Dec.16 / Trend U.Ismayilova /

The Azerbaijani Finance Ministry announced results of operations for January- November of the top ten insurance companies. Some 78.81 percent of the total insurance charges and 76.49 percent of total payments fall to them. About 27 insurance companies operated in Azerbaijan that period and one reinsurance company.

Insurance company

Premiums for January-November, 2010 in million manats

Payments for January- November, 2010 in million manats

Premiums for January- November, 2009 in million manats

Payments for January- November, 2009 in million manats

AzerSigorta

22,8

9,66

25,10

11,26

Az Sigorta

14,2

1,16

9,81

3,38

Atesgah Sigorta

13,09

4,72

11,70

3,70

Azal Sigorta

11,74

1,03

13,20

0,12

Pasa Sigorta

11,66

2,11

9,52

1,73

Beynalxalg Sigorta

9

4,77

13,71

4,07

Standard Insurance

7,82

1,96

6,82

3,53

АХА MBASK

7,48

3,24

6,21

5,79

Xalq Sigorta

6,54

1,62

24,01

1,14

A-Qroup

5,83

4,52

6

4,09

Total

110,2

34,79

126,11

38,81

Only state insurance company in the country AzerSigorta led the top-10 of Azerbaijani insurance companies in January-November for the amount of insurance charges.

The total amount of premiums of the all insurance companies hits 139.82 million manat and payments hit 45.48 million manat.

The total premiums fell by 8.17 percent (152.27 million) during a year and payments - by 2.48 percent (46.64 million manat).

The report of the Azerbaijani Ministry of Finance in January-November has not indicated the results of the only reinsurance company Az RE.

The official exchange rate is 0.7987 manat to $1 Dec.16.

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