Azerbaijan , Baku, Feb. 23 / Trend U.Ismayilova /
The Azerbaijani Finance Ministry announced the results of operations of the top ten insurance companies, for which accounted 83.9 percent of total insurance premiums and 83.96 percent of total payments. 27 insurance companies and one reinsurance company operate in Azerbaijan today.
|
Insurance company |
Premiums in January 2011in million manat |
Payments in January 2011in million manat |
Premiums in January 2010in million manat |
Payments in January 2010in million manat |
|
Azal Sigorta |
7.313 |
0.896 |
9.02 |
0.01 |
|
Beynelxalg Sigorta |
1.317 |
0.403 |
0.93 |
0.18 |
|
Xalq Sigorta |
1.248 |
0.119 |
1.13 |
0.13 |
|
Atesgah Sigorta |
0.915 |
0.477 |
0.93 |
0.33 |
|
Az Sigorta |
0.870 |
0.095 |
0.63 |
0.06 |
|
A-Qroup |
0.833 |
0.032 |
0.51 |
0.51 |
|
AzerSigorta |
0.750 |
0.589 |
1.36 |
0.55 |
|
АХА MBASK |
0.738 |
0.183 |
0.38 |
0.32 |
|
Standard Insurance |
0.670 |
0.066 |
1.16 |
0.03 |
|
Pasa Sigorta |
0.397 |
0.097 |
0.52 |
0.15 |
|
Total |
15.051 |
2.957 |
16.57 |
2.27 |
Azal Sigorta led ranking of Azerbaijani insurance companies.
In January, the insurance market leaders' premiums decreased by 9.17 percent on an annualized basis and payments increased by 30.3 percent.
The total volume of premiums of all companies operating in the country amounted to 17.939 million manat (5.18-percent decrease), and payments - 3.522 million manat (22.7-percent growth).
The ministry's report does not reflect the results of a single reinsurance company Az RE.
The official exchange rate is 0. 7943 manat to $1 on Feb. 23 .