Ranking of Azerbaijani insurance companies in January-April

Azerbaijan, Baku, May 21 /Trend A.Akhundov/

The summary table of activities of 29 insurance companies in Azerbaijan in January-April 2012.

No

Companies

Premiums for January-April 2012 in AZN

Claims for January-April 2012 in AZN

1

"A-Qroup Sığorta Şirkəti"

4 702 177,31

1 601 547,73

2

"AXA MBASK"

6 137 689,47

1 670 198,61

3

"Alfa Sığorta"

2 023 274,61

398 933,63

4

"AtaSığorta"

4 489 067,23

782 137,06

5

"Atəşgah Həyat"

8 106 300,41

224 225,71

6

"Atəşgah Sığorta"

11 148 032,74

2 339 676,46

7

"AzSığorta"

11 347 366,93

699 548,39

8

Azerbaijan Republic State Insurance Commerce Company

8 472 136,00

3 011 892,00

9

"Azərbaycan Sənaye Sığorta"

1 662 612,34

502 036,87

10

"Azərqarant Sığorta"

602 619,61

161 332,67

11

"Bakı Sığorta"

1 873 129,46

752 784,38

12

"Başak İnam Sığorta Şirkəti"

1 002 242,14

245 667,05

13

"Beynəlxalq Sığorta Şirkəti"

5 252 249,11

2 222 345,39

14

"Era Trans Sığorta"

547 041,46

161 740,05

15

"Fidan Sığorta"

-

-

16

"Günay Sığorta"

173 343,94

62 733,09

17

"Mega Sığorta"

352 936,64

85 120,51

18

"Paşa Həyat Sığorta"

6 082 677,45

97 112,50

19

"Paşa Sığorta"

24 134 209,01

7 293 519,49

20

"Qala Həyat"

2 410 429,61

28 384,26

21

"Qarant Sığorta"

2 466 115,79

509 006,65

22

"Rəvan Sığorta"

821 855,01

316 979,05

23

"Standard Insurance"

6 487 502,20

738 223,13

24

"Temz Sığorta Qrupu"

30 731,84

0,00

25

"Xalq Sığorta"

4 400 627,31

701 316,94

26

"Çartis Azərbaycan"

442 259,00

0,00

27

"İPƏK YOLU SIĞORTA"

295 852,76

1 747 440,53

28

"Əmrah Sığorta"

289 371,60

110 683,74

29

"Royal Sığorta"

16 534,57

0,00

Total

115 770 385,55

26 464 585,89

SK Pasa Sıgorta led the ranking on insurance premiums as in the previous month, which accounted for 20.84 percent of premiums collected by all companies in January-April.

AzSığorta (9.8 percent of all collections of the market) and Atəşgah Sığorta (9.63 percent) ranked the second and third respectively.

It is due to selection of Pasa Sıgorta as an insurer of State Oil Company of Azerbaijan (SOCAR) for voluntary health insurance.

The total amount of premiums of the all insurance companies hit 115.77 million manat in January-April (a 74.51-percent increase during year) and claims hit 26.46 million manat (a 49.75-percent increase).

The license of Fidan Sıgorta insurance company was suspended.

Only reinsurance company AzRe statistical indices are not indicated in the summary.

The official exchange rate is 0.7858 manat to $1 on May 21.

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