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Ranking of Azerbaijani insurance companies’ activity in Jan.-April 2013

Business Materials 15 May 2013 19:15 (UTC +04:00)

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

Ranking of 28 Azerbaijani insurance companies in terms of premium volume collected in January-April 2013:

N

Companies

Premiums in Jan.-April 2013, in manat

1

"Pasha Sıgorta"

26 813 147,83

2

Azerbaijani State Insurance Commercial Company Azersıgorta

15 205 849,00

3

"AzSıgorta"

11 807 212,80

4

"Atesgah Heyat"

11 351 532,02

5

"Pasha Heyat Sıgorta"

11 263 450,08

6

"Atesgah"

9 865 428,09

7

"İPEK YOLU SIGORTA"

7 087 566,41

8

"Beynalxalq Sıgorta Sirketi"

5 057 390,40

9

"Standard Insurance"

5 048 408,79

10

"AXA MBASK"

4 639 807,72

11

"Qala Heyat"

4 064 250,00

12

"Azerbaycan Senaye Sıgorta"

3 684 592,11

13

"Xalq Sıgorta"

3 538 936,74

14

"AtaSıgorta"

3 040 033,06

15

"A-Qroup Sıgorta sirketi"

2 453 449,94

16

"Buta Sıgorta"

2 445 105,03

17

"Mega Sıgorta"

2 408 415,19

18

"Qarant Sıgorta"

1 940 535,94

19

"Bakı Sıgorta"

1 834 037,82

20

"Basak İnam Sıgorta sirketi"

1 451 103,05

21

"Alfa Sıgorta"

1 040 673,44

22

"Revan Sıgorta"

932 853,72

23

"Cartis Azerbaycan"

551 307,00

24

"Era Trans Sıgorta"

385 810,10

25

"Azerqarant Sıgorta"

319 620,07

26

"Emrah Sıgorta"

268 684,30

27

"Gunay Sıgorta"

169 805,81

28

"Pasha Sıgorta"

26 813 147,83

Total:

138 712 376,55

According to the report of the State Insurance Supervision Service under the Ministry of Finance, Pasa Sıgorta led the ranking in terms of insurance fees collected in January-April 2013. Around 20 percent of premiums collected during this period fell to this company.

Azerbaijani State Insurance Commercial Company Azersıgorta (11 percent of all fees of the market) and AzSıgorta (8.5 percent) ranked the second and third respectively.

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

N

Companies

Claims in Jan.-April 2013, in manat

1

"Pasha Sıgorta"

8 671 118,39

2

"Atesgah"

4 993 465,96

3

Azerbaijani State Insurance Commercial Company Azersigorta

4 131 777,00

4

"AXA MBASK"

2 513 553,30

5

"AzSıgorta"

1 751 543,15

6

"Standard Insurance"

2 438 592,55

7

"AzSıgorta"

2 424 605,42

8

"Bakı Sıgorta"

2 196 304,52

9

"A-Qroup Sıgorta sirketi"

1 964 810,71

10

"Beynalxalq Sıgorta sirketi"

1 948 292,39

11

"Atesgah Heyat"

879 240,12

12

"Xalq Sıgorta"

822 697,38

13

"AtaSıgorta"

821 897,88

14

"Qarant Sıgorta"

662 560,91

15

"Alfa Sıgorta"

585 459,58

16

"Revan Sıgorta"

508 799,54

17

"Cartis Azerbaycan"

505 901,00

18

"Buta Sıgorta"

400 730,89

19

"Pasha Heyat Sıgorta"

347 972,97

20

"Mega Sıgorta"

343 366,43

21

"Azerbaycan Senaye Sıgorta"

239 327,49

22

"Basak İnam Sıgorta sirketi"

237 195,53

23

"Emrah Sıgorta"

163 547,64

24

"Qala Heyat"

147 984,47

25

"Azerqarant Sıgorta"

99 307,20

26

"Era Trans Sıgorta"

87 815,90

27

"İPEK YOLU SIGORTA"

46 380,95

28

"Gunay Sıgorta"

28 129,88

Total:

38 211 211,72

Pasha Sıgorta is the market leader also in terms of insurance claims. In January-April, the company paid 8.67 million manat, or over 22 percent of all claims during the reporting period.

It is followed by Ateshgah with 4.99 million manat (13.06 percent of total payments) and Azersıgorta with 4.13 million manat (over 10.8 percent).

The total amount of premiums of all insurance companies hit 138.71 million manat in January-April 2013 (a 20 percent growth per year) and claims hit 38.21 million manat (a 44.4 percent growth).

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

The official exchange rate is 0,7846 AZN/USD on May 15.

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