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Ranking of Azerbaijani insurance companies in Jan.-May 2013

Business Materials 13 June 2013 19:12 (UTC +04:00)
Ranking of 28 Azerbaijani insurance companies by premiums collected in January-May 2013:

Azerbaijan, Baku, 13 June / Trend A.Akhundov /

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

N

Companies

Premiums for January-May 2013 in AZN

1

"Pasha Sigorta"

27 796 938,43

2

Azerbaijani State Insurance Commercial Company Azersıgorta

17 253 591,00

3

"AzSigorta"

15 210 829,15

4

"Pasha Heyat Sigorta"

14 861 723,16

5

"Ateshgah"

13 136 492,51

6

"Ateshgah Heyat"

12 768 427,53

7

"Standard Insurance"

7 620 874,32

8

"IPEK YOLU SIGORTA

7 389 108,88

9

"AXA MBASK"

6 364 078,77

10

"Beynelxalq Sigorta Shirketi"

6 351 505,15

11

"Qala Heyat"

5 236 408,00

12

"AtaSigorta"

4 985 214,67

13

"Azerbaycan Senaye Sigorta"

4 669 314,55

14

"Xalq Sigorta"

4 328 041,57

15

"A-Qroup Sigorta Shirketi"

3 198 534,66

16

"Buta Sigorta"

3 034 285,63

17

"Mega Sigorta"

2 969 474,65

18

"Qarant Sigorta"

2 832 149,88

19

"Bakı Sigorta"

2 273 092,82

20

"Bashak Inam Sigrta shirketi"

1 761 736,05

21

"Alfa Sigorta"

1 543 277,92

22

"Revan Sigorta"

1 237 669,84

23

"Chartis Azerbaycan"

553 209,00

24

"Era Trans Sigorta"

415 220,05

25

"Azerqarant Sigorta"

323 870,97

26

"Amrah Sigorta"

321 990,10

27

"Gunay Sigorta"

206 585,88

28

"Royal Sigorta"

49 726,39

TOTAL:

168 693 371,53

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-May 2013. Around 16.5 percent of premiums collected during this period fell to this company.

Azerbaijani State Insurance Commercial Company Azersıgorta (10.23 percent of all fees of the market) and AzSigorta (nine percent) ranked the second and third respectively.

Ranking of 28 insurance companies by claims paid in January-May2013:

Рэнкинг 28 страховых компаний по объему возмещений, выплаченных в январе-мае 2013 года:

Место

Название страховой компании

Выплаты за январь-май 2013 года, в манатах

1

"Pasha Sigorta"

11 005 030,04

2

"Ateshgah"

6 231 568,30

3

Государственная страховая коммерческая компания Азербайджана "Azərsığorta"

5 178 803,00

4

"AzSigorta"

3 266 286,09

5

"Standard Insurance""

3 177 568,87

6

"AXA MBASK"

3 113 155,01

7

"Beynelxalq Sigorta Shirketi"

2 602 238,79

8

"A-Qroup Sigorta Shirketi"

2 508 199,98

9

"Bakı Sigorta a"

2 340 169,17

10

"Xalq Sigorta "

1 226 320,00

11

"Ateşgah Heəyat"

1 140 683,88

12

"AtaSigorta "

1 035 766,73

13

"Qarant Sigorta"

894 588,52

14

"Azerbaycan Senaye Sigorta "

890 791,41

15

"Alfa Sigorta "

649 920,68

16

"Buta Sigorta "

590 303,02

17

"Revan Sigorta "

582 218,62

18

"Bashak İnam Sigorta Shirketi"

530 352,75

19

"Mega Sigorta "

472 016,83

20

"Chartis Azərbaycan"

381 641,00

21

"Pasha Heyat Sigorta "

380 393,05

22

"Amrah Sigorta"

200 897,52

23

"Qala Heyat"

167 451,77

24

"Azərqarant Sığorta"

122 885,75

25

"İPEK YOLU SIGORTA"

105 404,75

26

"Gunay Sigorta "

49 100,35

27

"Era Trans Sigorta"

37 918,53

28

"Royal Sigorta "

942,30

TOTAL:

48 882 616,71

Pasha Sıgorta is the market leader also in terms of insurance claims. In January-May, the company paid 11 million manat, or 22.5 percent of all claims during the reporting period.

It is followed by Ateshgah with 4.99 million manat (12.75 percent of total payments) and Azersıgorta with 4.13 million manat (almost 10.6 percent).

The total amount of premiums of all insurance companies hit 168.7 million manat in January-May (a 16.6 percent growth) and claims hit 48.88 million manat (a 48.3 percent growth).

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

The official exchange rate on June 13 is 0.7846 AZN / USD.

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