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Ranking of Azerbaijani insurance companies in January-August

Business Materials 25 September 2012 16:33

Azerbaijan, Baku, Sept. 25 /Trend A.Akhundov/

The summary table of activities of 28 insurance companies in Azerbaijan in January-August 2012.

N

Companies

Premiums for January-August 2012 in AZN

Claims for January-August 2012 in AZN

1

"A-group"

6 821 997,60

3 618 814,43

2

"AXA MBASK"

12 344 249,32

3 684 571,28

3

"Alfa Sıgorta"

3 819 202,75

792 883,98

4

"AtaSıgorta"

7 910 947,30

1 723 082,80

5

"Ateshgah Həyat"

13 086 144,41

3 436 522,51

6

"Ateshgah"

23 840 258,05

5 547 097,91

7

"AzSıgorta"

25 744 897,24

1 825 228,99

8

Azerbaijan Republic State Insurance Commerce Company

21 776 843,00

7 704 432,00

9

"Azerbaijan Senaye Sıgorta"

4 274 156,53

901 881,90

10

"Azerqarant Sıgorta"

1 297 430,30

286 809,05

11

"Bakı Sıgorta"

3 907 416,83

1 146 507,83

12

"Bashak İnam Sıgorta Shirketi"

2 007 932,53

447 049,73

13

"Beynelxalq Sıgorta Shirketi"

10 250 424,06

4 462 334,74

14

"Era Trans Sıgorta"

717 804,32

401 116,56

15

"Gunay Sıgorta"

322 780,76

108 896,63

16

"Mega Sıgorta"

2 905 750,50

211 043,02

17

"Pasha Heyat Sıgorta"

10 279 246,49

167 166,61

18

"Pasha Sıgorta"

30 440 954,94

14 189 667,78

19

"Qala Heyat"

5 247 842,86

56 764,05

20

"Qarant Sıgorta"

6 382 706,26

974 347,68

21

"Revan Sıgorta"

2 017 524,05

733 402,11

22

"Standard Insurance"

14 631 136,35

2 764 317,37

23

"Temz Sıgorta Qrupu"

993 631,39

108 911,88

24

"Xalq Sıgorta"

8 732 488,98

1 487 053,48

25

"Chartis Azerbaijan"

1 069 087,00

48 779,00

26

"İPEK YOLU SIGORTA"

7 364 494,24

1 762 298,19

27

"Emrah Sıgorta"

648 536,58

282 065,08

28

"Royal Sıgorta"

36 718,57

0,00

Total

228 872 603,21

58 873 046,59

SK Pasha Sıgorta led the ranking on insurance premiums as in the previous month, which accounted for 13.3 percent of premiums collected by all companies in January-August.

AzSığorta (11.25 percent of all collections of the market) and Ateshgah Sıgorta (10.41 percent) ranked the second and third respectively.

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

Pasha Sıgorta is the market leader also in terms of insurance claims. In January-August, the company paid 14.19 million manat, which is almost a quarter of all claims from the beginning of the year. It is followed by Azersıgorta with 7.7 million manat (13.09 percent of total payments) and Ateshgah Sıgorta with 5.5 million (9.43 percent).

The total amount of premiums of the all insurance companies hit 228.87 million manat in January-August (a 73.24 -percent increase during year) and claims hit 58.87 million manat (a 62.1 -percent increase).

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

Official exchange rate on Aug. 25 is 0,7853 AZN/USD.

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