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Ranking of Azerbaijani insurance companies in January-September

Business Materials 19 October 2012 18:02 (UTC +04:00)
The summary table of activities of 28 insurance companies in Azerbaijan in January-September 2012.

Azerbaijan, Baku, Oct. 19 /Trend corr. A.Akhundov/

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

N

Companies

Premiums for January-September 2012 in AZN

Claims for January-September 2012 in AZN

1

"A-group"

7 341 109.19

4 052 668.36

2

"AXA MBASK"

13 634 932.36

4 157 373.27

3

"Alfa Sıgorta"

4 070 662.25

871 198.87

4

"AtaSıgorta"

8 645 673.72

1 983 087.11

5

"Ateshgah Həyat"

13 727 888.19

3 566 009.40

6

"Ateshgah"

26 721 596.05

6 325 305.49

7

"AzSıgorta"

29 491 015.64

2 250 461.48

8

Azerbaijan Republic State Insurance Commerce Company

23 658 149.00

8 567 555.00

9

"Azerbaijan Senaye Sıgorta"

5 058 028.12

1 207 354.94

10

"Azerqarant Sıgorta"

1 308 097.87

314 528.15

11

"Bakı Sıgorta"

4 283 646.11

1 879 139.55

12

"Bashak İnam Sıgorta Shirketi"

2 332 670.65

558 584.33

13

"Beynelxalq Sıgorta Shirketi"

11 222 8964

5 061 877.08

14

"Buta Sigorta"

1 504 259.48

129 604.98

15

"Era Trans Sıgorta"

758 655.85

429 827.14

16

"Gunay Sıgorta"

345 740.62

116 268.86

17

"Mega Sıgorta"

3 381 891.51

259 444.39

18

"Pasha Heyat Sıgorta"

11 148 032.76

171 817.62

19

"Pasha Sıgorta"

36 206 643.54

16 571 097.36

20

"Qala Heyat"

5 633 938.00

63 271.37

21

"Qarant Sıgorta"

6 985 594.14

1 103 147.84

22

"Revan Sıgorta"

2 335 512.05

810 944.94

23

"Standard Insurance"

16 441 121.04

3 330 951.69

24

"Xalq Sıgorta"

9 829 428.75

1 701 100.44

25

"Chartis Azerbaijan"

1 334 203.00

49 608.00

26

"İPEK YOLU SIGORTA"

8 167 618.77

1 776 317.18

27

"Emrah Sıgorta"

715 527.05

340 949.76

28

"Royal Sıgorta"

41 425.05

0.00

Total

256 325 890.40

67 649 494.60

SK Pasha Sıgorta led the ranking on insurance premiums as in the previous month, which accounted for 14.13 percent of premiums collected by all companies in January-September.

AzSığorta (11.5 percent of all collections of the market) and Ateshgah Sıgorta (9.36 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-September, the company paid 16.57 million manat, which is almost a quarter of all claims from the beginning of the year. It is followed by Azersıgorta with 8.57 million manat (12.67 percent of total payments) and Ateshgah Sıgorta with 6.33 million (9.43 percent).

The total amount of premiums of the all insurance companies hit 256.33 million manat in January-September (a 55.1 -percent increase during year) and claims hit 67.65 million manat (a 64.23 -percent increase).

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

Official exchange rate on Oct. 19 is 0.7851 AZN/USD..

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