Ranking of Azerbaijani insurance companies in 2012

Azerbaijan, Baku, Jan.12 / Trend I.Khalilova /

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

Companies

Premiums for January-December 2012 in AZN

Claims for January-December 2012 in AZN

1

"A-Qroup"

13 944 993,38

6 060 379,18

2

"AXA MBASK"

17 697 578,60

5 867 938,02

3

"Alfa Sığorta"

5 343 134,46

1 135 353,37

4

"AtaSığorta"

10 640 612,49

2 608 304,72

5

"Atəşgah Həyat"

15 154 481,79

3 719 976,65

6

"Atəşgah"

37 812 714,36

9 429 779,21

7

"AzSığorta"

39 797 146,98

3 656 539,92

8

Azerbaijan Republic State Insurance Commerce Company "Azərsığorta"

34 562 103,00

11 771 917,00

9

"Azərbaycan Sənaye Sığorta"

7 813 674,97

1 627 845,40

10

"Azərqarant Sığorta"

1 714 142,71

467 523,56

11

"Bakı Sığorta"

5 693 659,00

2 497 111,80

12

"Başak İnam Sığorta Şirkəti" Açıq Səhmdar Cəmiyyəti

3 400 505,31

950 653,30

13

"Beynəlxalq Sığorta şirkəti"

14 780 686,15

6 432 096,19

14

"Buta Sığorta"

2 815 239,15

316 492,54

15

"Era Trans Sığorta"

916 677,34

614 825,25

16

"Günay Sığorta"

454 912,20

140 808,38

17

"Mega Sığorta"

4 369 335,43

532 889,56

18

"Paşa Həyat Sığorta"

14 696 544,32

359 652,71

19

"Paşa Sığorta"

46 687 888,88

22 871 556,33

20

"Qala Həyat"

6 356 146,00

144 171,00

21

"Qarant Sığorta"

8 450 170,94

1 543 212,07

22

"Rəvan Sığorta"

3 394 284,05

1 177 276,83

23

"Standard Insurance"

21 314 319,75

5 337 777,23

24

"Xalq Sığorta"

12 583 468,96

2 233 211,39

25

"Çartis Azərbaycan"

1 833 059,00

50 373,00

26

"İPƏK YOLU SIĞORTA"

8 556 226,59

1 834 868,88

27

"Əmrah Sığorta"

1 051 712,00

475 774,54

28

"Royal Sığorta"

80 493,88

2 573,74

TOTAL

342 519 346,82

93 860 881,77

Pasha Sıgorta led the ranking on insurance premiums as in the previous month, which accounted for 13.63 percent of premiums collected by all companies in January-December. By the end of 2011, the share of insurance premiums of Pasa Sıgorta was 4.9 percent.

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

AzSığorta (11.62 percent of all collections of the market) and Ateshgah Sıgorta (11.04 percent) ranked the second and third respectively.

Pasha Sıgorta is the market leader also in terms of insurance claims. Last year, the company paid 22.87 million manat, which is 24.37 percent of all claims during January-December. In 2011, Pasa Sıgorta had 3.56 percent of all claims.

It is followed by Azersıgorta with 11.77 million manat (12.54 percent of total payments) and Ateshgah Sıgorta with 9.43 million (10.05 percent).

The total amount of premiums of all insurance companies hit 342.52 million manat by the end of 2012 (a 60.8-percent increase during year) and claims hit 93.86 million manat (a 52.45-percent increase).

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

Official exchange rate on Jan. 12 is 0.7848 AZN/USD

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