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

Business Materials 13 September 2013 18:17 (UTC +04:00)

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

Ranking of 28 Azerbaijani insurance companies in terms of the premiums collected in January-August 2013:

N

Companies

Premiums for January-August 2013 in AZN

1

"Pasa Sıgorta"

32846460,16

2

"AzSıgorta"

28656308,8

3

Azerbaijani State Insurance Commercial Company Azersıgorta

27138372

4

"Atesgah"

23048529,9

5

"Pasa Heyat Sıgorta"

19312036,15

6

"Atesgah Heyat"

18362822,77

7

"İPEK YOLU SIGORTA"

14848119,48

8

"Standard Insurance"

12270439,27

9

"AXA MBASK"

10168349,86

10

"Beynelxalq Sıgorta Sirketi"

10076265,14

11

"AtaSıgorta"

8392962,97

12

"Azerbaycan Senaye Sıgorta"

8051469,15

13

"Mega Sıgorta"

8003884,11

14

"Xalq Sıgorta"

7454289,54

15

"Qala Heyat"

6917246,96

16

"Qarant Sıgorta"

5148301,37

17

"Buta Sıgorta"

5091354,64

18

"Bakı Sıgorta"

4293264,35

19

"A-Qroup"

4034187,27

20

"Alfa Sıgorta"

3913742,61

21

"Basak İnam Sıgorta Sirketi"

2579959,29

22

"Revan Sıgorta"

2500152,3

23

"Cartis Azerbaycan"

684539

24

"Azerqarant Sıgorta"

540949,17

25

"Era Trans Sıgorta"

528357,59

26

"Emrah Sıgorta"

515148,52

27

"Gunay Sıgorta"

253144,94

28

"Royal Sıgorta"

80995

Total:

265 711 652,31

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-August 2013. Around 12.36 percent of premiums collected during this period fell to this company.

AzSığorta (10.78 percent of all fees of the market) and Azerbaijani State Insurance Commercial Company Azersıgorta (10.21 percent) ranked the second and third respectively.

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

N

Companies

Claims for Jan.-Aug. 2013, in AZN

1

"Pasa Sıgorta"

17 541 186,06

2

"Atesgah"

9 559 235,68

3

Azerbaijani State Insurance Commercial Company Azersıgorta

8 353 524,00

4

"AzSıgorta"

5 782 620,57

5

"AXA MBASK"

5 448 714,36

6

"Standard Insurance"

5 058 732,06

7

"A-Qroup"

4 245 882,22

8

"Beynelxalq Sıgorta Sirketi"

4 066 381,64

9

"Bakı Sıgorta"

2 786 356,87

10

"Atesgah Heyat"

2 067 679,35

11

"Xalq Sıgorta"

1 993 759,81

12

"AtaSıgorta"

1 670 638,62

13

"Azerbaycan Senaye Sıgorta"

1 275 090,17

14

"Qarant Sıgorta"

1 242 247,89

15

"Buta Sıgorta"

1 221 777,30

16

"Basak İnam Sıgorta Sirketi"

957 757,71

17

"Revan Sıgorta"

907 255,06

18

"Mega Sıgorta"

881 881,02

19

"Alfa Sıgorta"

860 370,34

20

"Pasa Heyat Sıgorta"

504 581,67

21

"Cartis Azerbaycan"

390 809,00

22

"Emrah Sıgorta"

315 552,73

23

"Era Trans Sıgorta"

205 188,11

24

"Azerqarant Sıgorta"

193 524,28

25

"Qala Heyat"

189 035,59

26

"Gunay Sıgorta"

66 989,86

27

"İPEK YOLU SIGORTA"

55 462,23

28

"Royal Sıgorta"

4 094,00

Total:

77 846 328,20

Pasha Sıgorta is the market leader also in terms of insurance claims. In January-August, the company paid 17.54 million manat, or over 22.5 percent of all claims during the reporting period.

It is followed by Ateshgah with 9.56 million manat (12.28 percent of total payments) and Azersıgorta with 8.35 million manat (over 10.72 percent).

The total amount of premiums of all insurance companies hit 265.71 million manat in January-August (a 16.1 percent growth) and claims hit 77.85 million manat (a 32.22 percent growth).

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

The official exchange rate is 0.7845 AZN/USD on Sept. 13.

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