Ranking of Azerbaijani insurance companies in January-March 2013

Azerbaijan, Baku, 17 April / Trend A.Akhundov /

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

N

Companies

Premiums for January-March 2013 in AZN

1

"Pasha Sıgorta"

24 455 663.18

2

"Ateshgah Heyat"

9 509 977.04

3

"Pasha Heyat Sıgorta"

8 351 575.26

4

"AzSigorta"

8 019 602.20

5

Azerbaijani State Insurance Commercial Company "Azersıgorta

7 624 352.00

6

"İPEK YOLU SIGORTA"

6 401 625.78

7

"Ateshgah"

6 293 097.94

8

"Beynelxalq Sıgorta Shirketi"

3 444 345.46

9

"Standard Insurance"

3 407 445.55

10

"AXA MBASK"

3 133 291.79

11

"Qala Heyat"

2 815 272.00

12

"Xalq Sigorta"

2 746 939.06

13

"Azerbaycan Senaye Sigorta"

2 543 957.17

14

"A-Qroup Sigorta Shirketi"

2 202 037.72

15

"AtaSigorta"

2 093 828.89

16

"Buta Sigorta"

1 824 622.88

17

"Baki Sigorta"

1 419 885.26

18

"Qarant Sigorta"

1 362 928.02

19

"Bashak İnam Sigorta Shirketi"

1 035 042.96

20

"Mega Sigorta"

928 731.09

21

"Alfa Sigorta"

680 503.67

22

"Revan Sigorta"

678 867.72

23

"Chartis Azerbaycan"

495 372.00

24

"Era Trans Sigorta"

333 121.02

25

"Amrah Sigorta"

190 996.13

26

"Azerqarant Sigorta"

142 581.42

27

"Gunay Sigorta"

84 277.18

28

"Royal Sigorta"

10 023.04

TOTAL

102 229 963.43

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-March 2013. Around 24 percent of premiums collected during this period fell to this company.

Atesgah Heyat (9.3 percent of all fees of the market) and Pahsa Heyat (8 percent) ranked the second and third respectively.

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

N

Companies

Claims for January-March 2013 in AZN

1

"Pasha Sigorta"

5 804 635.20

2

"Ateshgah"

3 217 923.54

3

Azerbaijani State Insurance Commercial Company "Azersigorta"

3 026 612.00

4

"AXA MBASK"

1 843 160.00

5

"AzSigorta"

1 751 543.15

6

"Standard Insurance"

1 597 204.25

7

"A-Qroup"

1 415 641.68

8

"Beynelxalq Sigorta Shirketi"

1 414 605.99

9

"Ateshgah Heyat"

803 135.93

10

"Xalq Sigorta"

599 412.39

11

"Qarant Sigorta"

534 790.71

12

"AtaSigorta"

506 798.03

13

"Alfa Sigorta"

461 622.21

14

"Rəvan Sigorta"

389 200.09

15

"Bakı Sigorta"

376 273.32

16

"Chartis Azerbaycan"

367 057.00

17

"Buta Sigorta"

295 239.53

18

"Mega Sigorta"

248 534.77

19

"Bashak Inam Sigorta Shirketi"

162 340.34

20

"Pasha Heyat Sigorta"

148 012.31

21

"Qala Heyat"

135 105.00

22

"Amrah Sigorta"

131 027.08

23

"Era Trans Sigorta"

55 218.46

24

"Azerqarant Sigorta"

46 947.74

25

"IPƏK YOLU SIGORTA"

39 911.60

26

"Azerbaycan Senaye Sigorta"

13 899.92

27

"Gunay Sigorta"

12 438.78

28

"Royal Sigorta"

0

TOTAL

25 398 291.02

Pasha Sıgorta is the market leader also in terms of insurance claims. In January-March, the company paid 5.8 million manat, or 22 percent of all claims during the reporting period.

It is followed by Ateshgah with 3.22 million manat (12.68 percent of total payments) and Azersıgorta with 3.03 million manat (almost 12 percent).

The total amount of premiums of all insurance companies hit 102.23 million manat in January-March (a 25.22 percent growth) and claims hit 25.4 million manat (a 52.74 percent growth).

The only reinsurance company AzRe's statistical indices are not indicated in the summary.

The official exchange rate on April 17 is 0.7847 AZN / USD.

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