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Ranking of Azerbaijani insurance companies in January-February 2013

Business Materials 15 March 2013 18:35 (UTC +04:00)

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

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

N

Companies

Premiums for January-February 2013 in AZN

1

"Pasha Sıgorta"

23 380 598,93

2

"Ateshgah Heyat"

8 074 157,78

3

"İPEK YOLU SIGORTA"

6 303 519,47

4

"AzSıgorta"

5 185 147,85

5

"Pasha Heyat Sıgorta"

4 685 252,17

6

"Ateshgah"

4 381 205,65

7

Azerbaijani State Insurance Commercial Company "Azersıgorta

4 353 914,00

8

"Beynelxalq Sıgorta Shirketi"

2 883 425,58

9

"AXA MBASK"

2 304 138,59

10

"Standard Insurance"

2 297 889,38

11

"Xalq Sigorta"

2 108 337,74

12

"Qala Heyat"

2 052 759,00

13

"A-Qroup"

1 370 989,29

14

"Azerbaijan Senaye Sıgorta"

1 355 943,32

15

"Bakı Sigorta"

1 171 590,11

16

"Buta Sigorta"

1 134 847,79

17

"AtaSıgorta"

1 037 414,70

18

"Qarant Sigorta"

955 428,53

19

"Bashak İnam Sıgorta Shirketi"

772 309,20

20

"Mega Sigorta"

750 175,95

21

"Alfa Sigorta"

661 015,38

22

"Chartis Azerbaijan"

440 356,00

23

"Revan Sigorta"

439 642,59

24

"Era Trans Sigorta"

302 321,02

25

"Amrah Sigorta"

144 272,81

26

"Azerqarant Sigorta"

120 708,41

27

"Gunay Sigorta"

68 741,49

28

"Royal Sigorta"

19 595,35

TOTAL

78 755 698,08

According to the report of the State Insurance Supervision Service under the Ministry of Finance published on its website, Pasa Sıgorta led the ranking in terms of insurance fees collected in January-February 2013. Around 30 per cent of premiums collected during this period fell to this company.

Atesgah Heyat (10.25 per cent of all fees of the market) and Ipek Yolu Sıgorta (8 per cent) ranked the second and third respectively.

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

N

Companies

Claims for January-February 2012 in AZN

1

"Pasha Sigorta"

3 403 636,39

2

"Ateshgah"

2 293 786,62

3

Azerbaijani State Insurance Commercial Company "Azersigorta"

2 057 109,00

4

"AzSigorta"

1 238 687,02

5

"AXA MBASK"

1 159 896,12

6

"Standard Insurance"

1 020 085,24

7

"Beynelxalq Sigorta Shirketi"

996 681,85

8

"A-Qroup"

806 842,66

9

"Xalq Sigorta"

427 420,93

10

"Alfa Sigorta"

395 564,76

11

"AtaSigorta"

368 700,81

12

"Qarant Sigorta"

355 783,18

13

"Revan Sigorta"

307 911,00

14

"Baki Sigorta"

228 320,27

15

"Buta Sigorta"

211 330,50

16

"Mega Sigorta"

150 533,43

17

"Azerbaycan Senaye Sigorta"

145 981,18

18

"Chartis Azerbaycan"

124 768,00

19

"Pasha Heyat Sigorta"

98 486,97

20

"Qala Heyat"

93 869,00

21

Ateshgah Heyat

88 203,57

22

"Bashak İnam Sigorta Shirketi"

79 703,81

23

"Amrah Sigorta"

75 197,14

24

"Azerqarant Sigorta"

40 377,74

25

"Era Trans Sigorta"

37 773,53

26

"Gunay Sigorta"

5 194,98

27

"IPEK YOLU SIGORTA"

1 858,32

28

"Royal Sigorta"

103,7

TOTAL

16 213 807,72

Pasha Sıgorta is the market leader also in terms of insurance claims. In January-February, the company paid 3.4 million manat, or 21 percent of all claims during the reporting period.

It is followed by Ateshgah with 2.3 million manat (14.15 percent of total payments) and Azersıgorta with 2.06 million manat (12.68 percent).

The total amount of premiums of all insurance companies hit 78.76 million manat in January-February (increased by third per year) and claims hit 16.214 million manat (a 70 -percent increase).

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

The official exchange rate is 0,7848 AZN/USD on March 15.

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