Ranking of Azerbaijani insurance companies in January-October

Azerbaijan, Baku, Dec.3 /Trend A.Akhundov/

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

Companies

Premiums for January-October 2012 in AZN

Claims for January-October 2012 in AZN

1

"A-Qroup"

7 778 486,78

4 528 598,17

2

"AXA MBASK"

15 607 430,30

4 769 872,84

3

"Alfa Sığorta"

4 454 815,66

909 898,78

4

"AtaSığorta"

9 413 002,40

2 156 784,88

5

"Atəşgah Həyat"

14 474 196,49

3 568 842,78

6

"Atəşgah"

30 487 743,45

7 050 666,36

7

"AzSığorta"

33 150 953,96

2 617 378,92

8

Azerbaijan Republic State Insurance Commerce Company

25 447 049,00

9 463 638,00

9

"Azərbaycan Sənaye Sığorta"

5 786 196,82

1 277 368,77

10

"Azərqarant Sığorta"

1 593 840,20

419 830,10

11

"Bakı Sığorta"

4 862 496,56

2 319 811,46

12

"Başak İnam Sığorta Şirkəti" Açıq Səhmdar Cəmiyyəti

2 579 783,68

707 362,31

13

"Beynəlxalq Sığorta şirkəti"

12 603 551,18

5 512 063,44

14

"Buta Sığorta"

1 868 106,55

167 402,34

15

"Era Trans Sığorta"

799 923,46

471 941,39

16

"Günay Sığorta"

381 081,93

123 420,52

17

"Mega Sığorta"

3 797 274,01

274 515,69

18

"Paşa Həyat Sığorta"

12 458 677,06

251 941,35

19

"Paşa Sığorta"

38 480 654,78

18 585 358,21

20

"Qala Həyat"

5 856 925,16

112 543,00

21

"Qarant Sığorta"

7 430 946,38

1 228 244,54

22

"Rəvan Sığorta"

2 690 895,05

892 721,51

23

"Standard Insurance"

18 299 812,34

3 985 271,26

24

"Xalq Sığorta"

11 207 767,08

1 825 035,62

25

"Çartis Azərbaycan"

1 514 949,00

49 608,00

26

"İPƏK YOLU SIĞORTA"

8 166 459,62

1 814 536,83

27

"Əmrah Sığorta"

907 912,45

378 035,92

28

"Royal Sığorta"

42 804,05

1 390,00

TOTAL

282 143 735,40

75 464 082,99

SK Pasha Sıgorta led the ranking on insurance premiums as in the previous month, which accounted for 13.64 percent of premiums collected by all companies in January-October.

AzSığorta (11.75 percent of all collections of the market) and Ateshgah Sıgorta (10.81 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-October, the company paid 18.59 million manat, which is almost a quarter of all claims from the beginning of the year. It is followed by Azersıgorta with 9.46 million manat (12.54 percent of total payments) and Ateshgah Sıgorta with 7.05 million (9.34 percent).

The total amount of premiums of the all insurance companies hit 282.14 million manat in January-October (a 57.53 -percent increase during year) and claims hit 75.46 million manat (a 55.49 -percent increase).

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

Official exchange rate on Dec. 3 is 0.7847 AZN/USD

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