...

Only state insurance company becomes leader of Azerbaijani insurance market

Business Materials 13 January 2011 17:36

Azerbaijan, Baku, Jan.13 / Trend U.Ismayilova /

The Azerbaijani Finance Ministry announced results of operations for 2010 of the top ten insurance companies. Some 77.81 percent of the total insurance charges and 77.61 percent of total payments fall to them. About 27 insurance companies operated in Azerbaijan that period and one reinsurance company.

Insurance company

Premiums for 2010 in million manats

Payments for 2010 in million manats

Premiums for 2009 in million manats

Payments for 2009 in million manats

AzerSigorta

24.19

10.71

26.5

12.22

Az Sigorta

15.63

1.35

10.7

3.48

Atesgah Sigorta

14.57

5.26

12.31

4.37

Pasa Sigorta

13.05

2.44

10.31

1.86

Azal Sigorta

12.11

4.08

13.22

0.12

Beynelxalg Sigorta

10.18

5.14

14.28

4.35

Standard Insurance

8.62

2.22

7.16

4.06

АХАMBASK

8.39

3.54

7.56

6.24

Xalq Sigorta

7.3

1.8

24.29

1.39

A-Qroup

7.03

5.24

7.23

5.05

Всего

121.07

41.78

133.56

43.14

Only state insurance company in the country AzerSigorta led the top-10 of Azerbaijani insurance companies.

Over the last month Pasa Sigorta ranked the fourth position due to increase in insurance charges of the company at 11.9 percent, or 1.39 million manat. Accordingly, Azal Sigorta insurance company has ranked the fifth position, although the charges of the company increased by 3.15 percent.

The total amount of premiums of the all insurance companies hits 155.59 million manat and payments hit 53.83 million manat. The insurance charges fell by 4.73 percent (163.31 million) and payments - by 1.43 percent (53.07 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 0.7975 manat to $1 Jan.13.

Latest

Latest