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Ranking of Azerbaijani insurance companies in January 2013

Business Materials 15 February 2013 17:36 (UTC +04:00)

Azerbaijan, Baku, Feb. 15 / Trend A.Akhundov /

Ranking of 28 Azerbaijani insurance companies by premiums collected in January 2013:

N

Companies

Premiums for January 2013 in AZN

1

"Pasha Sıgorta"

22 357 773.83

2

"İPEK YOLU SIGORTA"

6 288 797.95

3

"Ateshgah Heyat"

4 886 341.96

4

"Ateshgah"

2 385 029.36

5

"AzSıgorta"

2 342 705.25

6

"Pasha Heyat Sıgorta"

2 258 138.72

7

"Beynelxalq Sıgorta Shirketi"

1 920 557.39

8

"Xalq Sigorta"

1 437 767.08

9

"Standard Insurance"

1 305 384.63

10

"AXA MBASK"

1 224 439.08

11

"A-Qroup"

962 786.51

12

Azerbaijani State Insurance Commercial Company "Azersıgorta"

867 084.00

13

"Bakı Sigorta"

852 215.66

14

"Qala Heyat"

784 418.98

15

"AtaSıgorta"

536 731.44

16

"Azerbaijan Senaye Sıgorta"

500 804.60

17

"Qarant Sigorta"

476 105.48

18

"Bashak İnam Sıgorta Shirketi"

458 099.66

19

"Buta Sigorta"

435 595.81

20

"Mega Sigorta"

412 116.92

21

"Alfa Sigorta"

404 261.03

22

"Chartis Azerbaijan"

350 583.00

23

"Revan Sigorta"

234 274.14

24

"Azerqarant Sigorta"

111 564.48

25

"Amrah Sigorta"

65 023.28

26

"Gunay Sigorta"

29 250.25

27

"Era Trans Sigorta"

21 480.48

28

"Royal Sigorta"

10 023.04

TOTAL

53 919 354.01

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 collected in January 2013. Around 41.46 per cent of premiums collected during this period fell to this company.

Ipek Yolu Sigorta (11.66 per cent of all fees of the market) and Ateshgah Sıgorta (9.06 per cent) ranked the second and third respectively.

Ranking of 28 insurance companies by claims paid in January 2013:

N

Companies

Claims for January-September 2012 in AZN

1

"Pasha Sigorta"

1 142 828.60

2

Azerbaijani State Insurance Commercial Company "Azersigorta"

1 020 827.00

3

"Ateshgah"

853 207.72

4

"AXA MBASK"

624 657.18

5

"Standard Insurance"

595 186.57

6

"Beynelxalq Sigorta Shirketi"

579 604.85

7

"AzSigorta"

553 947.16

8

"A-Qroup"

329 162.08

9

"Alfa Sigorta"

248 966.19

10

"Xalq Sigorta"

207 026.84

11

"Revan Sigorta"

199 793.96

12

"Buta Sigorta"

98 625.32

13

"Baki Sigorta"

96 304.85

14

Ateshgah Heyat"

79 662.69

15

"Qarant Sigorta"

75 717.52

16

"Mega Sigorta"

58 527.86

17

"AtaSigorta"

51 932.37

18

"Qala Heyat"

44 764.60

19

"Azerqarant Sigorta"

36 971.00

20

"Amrah Sigorta"

30 320.03

21

"Bashak İnam Sigorta Shirketi"

29 415.15

22

"Azerbaycan Senaye Sigorta"

21 902.74

23

"Era Trans Sigorta"

10 436.80

24

"Gunay Sigorta"

5 083.78

25

"Pasha Heyat Sigorta"

4 913.10

26

"Chartis Azerbaycan"

259

27

"IPEK YOLU SIGORTA"

0

28

"Royal Sigorta"

0

TOTAL

7 000 044.96

Pasha Sıgorta is the market leader also in terms of insurance claims. In January, the company paid 1.14 million manat, or 16.31 of all claims during the reporting period. It is followed by Azersıgorta with 1.02 million manat (12.57 percent of total payments) and Ateshgah Sıgorta with 0.85 million (12.18 percent).

The total amount of premiums of all insurance companies hit 53.92 million manat in January (a 45.72-percent increase) and claims hit 7 million manat (a 59 -percent increase).

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

The official exchange rate for Feb. 15 is 0.7847 AZN / USD.

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