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Ranking of Azerbaijani insurance companies Jan.-Nov.2012

Business Materials 18 December 2012 15:51 (UTC +04:00)

Azerbaijan, Baku, Dec. 18 /Trend A.Akhundov/

The summary table of 28 insurance companies' activity in Azerbaijan January-November 2012.

No

Companies

Premiums for January-November 2012 in manat

Claims for January-November 2012 in manat

1

"A-Qroup"

8 123 464,89

5 100 288,73

2

"AXA MBASK"

16 940 343,48

5 260 065,54

3

"Alfa Sıgorta"

4 743 252,34

1 019 967,61

4

"AtaSıgorta"

10 134 465,53

2 316 845,78

5

"Atesgah Heyat"

15 154 481,79

3 712 374,71

6

"Atesgah"

34 240 815,62

8 095 525,52

7

"AzSıgorta"

36 680 542,83

3 040 164,66

8

Azerbaijani State Insurance Commercial Company "Azersıgorta"

31 030 186,00

10 255 652,00

9

"Azerbaycan Senaye Sıgorta"

6 744 270,27

1 301 455,94

10

"Azerqarant Sıgorta"

1 616 690,23

419 892,64

11

"Bakı Sıgorta"

5 322 580,57

2 407 275,51

12

"Basak İnam Sıgorta Sirketi"

3 017 870,22

857 093,44

13

"Beynelxalq Sıgorta sirketi"

13 309 010,25

5 993 751,22

14

"Buta Sıgorta"

2 328 941,84

232 279,99

15

"Era Trans Sıgorta"

838 346,55

484 463,08

16

"Gunay Sıgorta"

402 485,18

133 196,59

17

"Mega Sıgorta"

4 226 571,41

464 690,42

18

"Pasa Heyat Sıgorta"

13 383 219,98

295 136,81

19

"Pasa Sıgorta"

44 669 778,53

19 718 376,14

20

"Qala Heyat"

6 084 161,00

122 009,00

21

"Qarant Sıgorta"

7 940 195,12

1 381 860,10

22

"Revan Sıgorta"

3 087 518,05

1 020 188,10

23

"Standard Insurance"

19 823 043,01

4 618 995,55

24

"Xalq Sıgorta"

12 071 979,95

1 996 967,22

25

"Cartis Azerbaycan"

1 734 556,00

50 109,00

26

"İPEK YOLU SIGORTA"

8 268 595,35

1 815 395,83

27

"Emrah Sıgorta"

973 031,69

420 656,59

28

"Royal Sıgorta"

78 595,75

1 390,00

TOTAL

312 968 993,43

82 536 067,72

According to the report of the State Insurance Supervision Service under the Ministry of Finance published on Monday, Pasa Sıgorta led the ranking in terms of insurance fees, as in the previous month. Around 14.27 per cent of premiums collected by all companies in January-November fell to this company.

Such an increase in Pasa Sıgorta's premiums in 2012 is connected with the fact that it was chosen as an insurer on the voluntary health insurance of employees of the country's largest company SOCAR.

AzSıgorta (11.72 per cent of all fees of the market) and Ateshgah Sıgorta (10.94 per cent) ranked the second and third respectively.

Pasha Sıgorta is the market leader also in terms of insurance claims. In January-November, the company paid 19.72 million manat, or 24 per cent of all claims from the beginning of the year. It is followed by Azersıgorta with 10.26 million manat (12.43 per cent of total payments) and Ateshgah Sıgorta with 7.05 million manat (9.8 per cent).

The total amount of premiums of all the insurance companies hit 312.97 million manat in January-November, a 62.1 per cent increase during the year and claims hit 82.54 million manat (a 47.52 -per cent increase).

Only reinsurance company AzRe's statistics indices are not indicated in the summary.

Official exchange rate on Dec. 18 is 0.7849 AZN/USD.

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