Ranking of Azerbaijani insurance companies in January-September

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

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



Premiums for January-September 2012 in AZN

Claims for January-September 2012 in AZN



7 341 109.19

4 052 668.36



13 634 932.36

4 157 373.27


"Alfa Sıgorta"

4 070 662.25

871 198.87



8 645 673.72

1 983 087.11


"Ateshgah Həyat"

13 727 888.19

3 566 009.40



26 721 596.05

6 325 305.49



29 491 015.64

2 250 461.48


Azerbaijan Republic State Insurance Commerce Company

23 658 149.00

8 567 555.00


"Azerbaijan Senaye Sıgorta"

5 058 028.12

1 207 354.94


"Azerqarant Sıgorta"

1 308 097.87

314 528.15


"Bakı Sıgorta"

4 283 646.11

1 879 139.55


"Bashak İnam Sıgorta Shirketi"

2 332 670.65

558 584.33


"Beynelxalq Sıgorta Shirketi"

11 222 8964

5 061 877.08


"Buta Sigorta"

1 504 259.48

129 604.98


"Era Trans Sıgorta"

758 655.85

429 827.14


"Gunay Sıgorta"

345 740.62

116 268.86


"Mega Sıgorta"

3 381 891.51

259 444.39


"Pasha Heyat Sıgorta"

11 148 032.76

171 817.62


"Pasha Sıgorta"

36 206 643.54

16 571 097.36


"Qala Heyat"

5 633 938.00

63 271.37


"Qarant Sıgorta"

6 985 594.14

1 103 147.84


"Revan Sıgorta"

2 335 512.05

810 944.94


"Standard Insurance"

16 441 121.04

3 330 951.69


"Xalq Sıgorta"

9 829 428.75

1 701 100.44


"Chartis Azerbaijan"

1 334 203.00

49 608.00



8 167 618.77

1 776 317.18


"Emrah Sıgorta"

715 527.05

340 949.76


"Royal Sıgorta"

41 425.05



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..

Ukrainian air company returns on Georgia's aviation market
Ukrainian air company returns on Georgia's aviation market
Georgian aviation plant working on creation of military drone
Georgian aviation plant working on creation of military drone
GGF deepens its engagement with Georgian financial institutions
GGF deepens its engagement with Georgian financial institutions
Loading Bars
Ukrainian air company returns on Georgia's aviation market
Ministry discloses number of mines neutralized by Azerbaijani, Russian sappers in Karabakh (VIDEO)
Uzbekistan’s GDP per capita down in 2020
Oxford Institute for Energy Research talks options for Turkmen gas sector's development
Uzbekneftegaz reveals number of investment projects on increasing production efficiency
Kazakhstan’s QAZAQ AIR airline launching flights on one more route
Georgian aviation plant working on creation of military drone
Uzbek-Korean JV announces tender for installation and assembly services
GGF deepens its engagement with Georgian financial institutions
Number of passengers using railway transport in Azerbaijan increasing after eased quarantine
Kazakhstan to continue decreasing import dependence in food industry
Azerbaijani business entities modernize digital financial services amid COVID-19 pandemic
Lending to Azerbaijan’s Nakhchivan Autonomous Republic increases
Iranian trucks start cargo transportation to Azerbaijan without transshipment
Azerbaijan confirms 551 more COVID-19 recoveries
Kazakhstan taking targeted measures to enhance investment competitiveness
Iran and Russia sign memorandum of cooperation on cybersecurity
Azerbaijan reveals volume of electricity generation from renewable energy sources in 2020
Russia and Iran open to discuss Karabakh issue
Number of bank accounts in Azerbaijan’s Nakhchivan increased in 2020
Microsoft earnings in spotlight for signs of business recovery, Xbox growth
French engineering company involved in replacing Uzbekistan’s standards in electricity field
UNDP implements new grant program in Georgia
Azerbaijan's former minister of transport appointed to new position - Decree
Company of Turkmenistan’s SC announces volume of oil produced last year
Iran's South Pars gas production increases
Johnson & Johnson promises vaccine data "soon"
Azerbaijan discloses number of servicemen of engineering troops martyred in second Karabakh war
Kazakhstan to continue work on fishing industry development
Iran plans to use domestic ship building capacities
Iranian minister suggests parliament merge Energy and Oil Ministries into one
Azerbaijani delegation to participate in Iran Plast exhibition in Tehran
Clearing of mines, unexploded ordnance continuing in Azerbaijan's liberated Fuzuli district (PHOTO/VİDEO)
Iran's Rouhani opposes any changes to budget bill
"Great Responsibility" At Republic Day Parade: Bangladesh Contingent Chief
Direct air routes between Cambodia, India on the cards
`Vaccine Maitri' helps strengthen bilateral ties with Myanmar, says Indian envoy
COVID-19 vaccine developer CureVac plans five million share sale
EU exec to propose vaccine export registration by end of week
Azerbaijani ministry talks on nanotechnological innovations
Meeting of the Foreign Ministers of Russia and Iran being held
Rates for some excisable goods increasing in Azerbaijan
All tobacco products may be included in list of excisable goods in Azerbaijan
Tax exemptions on wheat imports, sales may be extended in Azerbaijan
Colonel talks restored and built roads in liberated lands of Azerbaijan
FIG cancels holding Artistic Gymnastics World Cup in Azerbaijan’s Baku
Thousands of hectares of cultivatable lands demined in Azerbaijan's liberated districts
Azerbaijani banks buy more foreign currency at CBA's auction
Iran reveals COVID-19 data for January 26
Sale of gold, silver in Azerbaijan may become tax-free
Azerbaijan Airlines increases flights number on Baku-Nakhchivan route
Access Bank eyes creating bank branches in Azerbaijani lands liberated from occupation
Azerbaijan's Nakhchivan discloses revenues from 2020 agricultural export
Azerbaijani Nakhchivan's revenues from communication services rise
President Aliyev receives French Minister of State attached to Minister for Europe and Foreign Affairs (PHOTO)
Uzbekistan’s largest flow of tourists falls on Kyrgyzstan
Georgia sees increase in Domestic Producer Price Index for Industrial Products
Armenian Armed Forces blew up bridges, destroyed roads retreating during second Karabakh War
Gold price increases in Azerbaijan
Scientist of UNEC elected expert on world's second largest online economic platform
Iran wants establishment of six-party cooperation union – Zarif
Kazakhstan's Altynalmas gold processing company introduces digital technologies to boost output
Volume of shrimp grown in Iran announced
Azerbaijan's Nakhchivan increases lending to local entrepreneurs in 2020
Project on high grade cement production to be launched in Uzbekistan’s Jizzakh region
President Aliyev receives Rashad Nabiyev in video format on his appointment as Minister of Transport, Communications and High Technologies (PHOTO)
Iran claims its COVID-19 vaccine responds with 'good results, without side effects'
Iran looks to start strategic oil reservoirs
China central bank will back growth, watch debt risks
OSCE Center in Ashgabat opens tender for architectural, engineering services
Georgia opens new COVID-19 clinic
Export Price Index up in Georgia
Geostat reveals producer price indices for services in Georgia
Kazakhstan sets up priorities for energy sector dev't in 2021
Required volume of cotton harvesting in Turkmenistan announced
Iran CBI Governor to visit Oman
German exporters more upbeat, sentiment hits highest since October
Azerbaijan's real estate market recovering after softened quarantine - expert
Iran's exports shrink
Iran reveals details of its imports
Azerbaijan continues demining of its liberated territories - MoD
Germany backs EU export restrictions on vaccine after supply cuts
Uzbek agro-industrial agency announces tender for well construction
Chairman of Azerbaijan's Azercosmos dismissed
Azerbaijan appoints new minister of transport, communications and high technologies
Azerbaijani president signs decree to dismiss minister of transport, communications
Georgia reports 1,006 new cases of coronavirus on Jan. 26
Azerbaijan restricts import of poultry products from several countries
Iran boosts exports of fishery products
Kazakhstan introducing new technologies to develop energy sector
New well opened at gas condensate field in Uzbekistan’s Kashkadarya region
Uzbekneftegaz expands production capacity of Shurtan gas chemical complex
Turkmenistan developing electronic platform for textile industry
Azerbaijan talks sending bodies of killed Armenian soldiers to Armenia
Iran unveils data of exports and imports via Bushehr port
Turkish investments in Azerbaijan's Karabakh to favor opening new jobs - expert
Exports through Iran's Isfahan Province decreases
French MFA's Secretary of State visits Azerbaijan (PHOTO)
Geostat reveals volume of inflation rate in Georgia
Dostlug project is precedent for potential interconnections in Caspian Sea
All news