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

Business Materials 17 October 2013 17:20 (UTC +04:00)

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

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

N

Companies

Premiums for January-September 2013 in AZN

1

"Pasa Sıgorta"

42 482 235,74

2

"AzSıgorta"

32 113 871,05

3

Azerbaijani State Insurance Commercial Company Azersıgorta

30 081 053,00

4

"Atesgah"

26 110 986,96

5

"Pasa Heyat Sıgorta"

24 298 120,76

6

"Atesgah Heyat"

19 350 612,15

7

"İPEK YOLU SIGORTA"

15 126 015,48

8

"Standard Insurance"

14 113 814,59

9

"AXA MBASK"

12 204 138,29

10

"Beynelxalq Sıgorta Sirketi"

11 025 457,61

11

"AtaSıgorta"

9 354 746,53

12

"Mega Sıgorta"

8 930 111,19

13

"Azerbaycan Senaye Sıgorta"

8 807 963,04

14

"Xalq Sıgorta"

8 292 309,14

15

"Qala Heyat"

7 662 534,35

16

"Qarant Sıgorta"

5 749 536,26

17

"Buta Sıgorta"

5 678 392,39

18

"Bakı Sıgorta"

4 858 994,00

19

"Alfa Sıgorta"

4 289 168,95

20

"A-Qroup"

4 233 576,92

21

"Basak İnam Sıgorta Sirketi"

2 882 987,15

22

"Revan Sıgorta"

2 862 184,60

23

"Cartis Azerbaycan"

730 431,00

24

"Era Trans Sıgorta"

591 554,51

25

"Emrah Sıgorta"

582 708,56

26

"Azerqarant Sıgorta"

568 931,17

27

"Gunay Sıgorta"

276 897,07

28

"Royal Sıgorta"

123 789,81

Total:

303 383 122,27

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-September 2013. 14 percent of premiums collected during this period fell to this company.

AzSığorta (10.58 percent of all fees of the market) and Azerbaijani State Insurance Commercial Company Azersıgorta (9.92 percent) ranked the second and third respectively.

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

N

Companies

Claims for Jan.-Sept. 2013, in AZN

1

"Pasa Sıgorta"

19 989 521,15

2

"Atesgah"

10 857 494,02

3

Azerbaijani State Insurance Commercial Company Azersıgorta

9 568 182,00

4

"AzSıgorta"

6 607 448,39

5

"AXA MBASK"

6 056 952,55

6

"Standard Insurance"

5 791 855,65

7

"A-Qroup"

4 829 433,87

8

"Beynelxalq Sıgorta Sirketi"

4 530 144,88

9

"Bakı Sıgorta"

3 024 380,31

10

"Xalq Sıgorta"

2 377 658,05

11

"Atesgah Heyat"

2 208 696,68

12

"AtaSıgorta"

1 905 943,91

13

"Azerbaycan Senaye Sıgorta"

1 460 685,95

14

"Qarant Sıgorta"

1 445 916,18

15

"Buta Sıgorta"

1 444 217,48

16

"Basak İnam Sıgorta Sirketi"

1 200 975,73

17

"Mega Sıgorta"

1 117 294,43

18

"Alfa Sıgorta"

1 033 216,42

19

"Revan Sıgorta"

877 542,06

20

"Pasa Heyat Sıgorta"

639 215,36

21

"Cartis Azerbaycan"

395 824,00

22

"Emrah Sıgorta"

384 648,28

23

"Era Trans Sıgorta"

263 161,93

24

"Azerqarant Sıgorta"

196 019,28

25

"Qala Heyat"

189 175,59

26

"Gunay Sıgorta"

73 703,12

27

"İPEK YOLU SIGORTA"

60 127,23

28

"Royal Sıgorta"

4 580,26

Total:

88 534 014,76

Pasha Sıgorta is the market leader also in terms of insurance claims. In January-September, the company paid almost 20 million manat, or over 22.5 percent of all claims during the reporting period.

It is followed by Ateshgah with 10.86 million manat (12.26 percent of total payments) and Azersıgorta with 8.35 million manat (over 10.81 percent).

The total amount of premiums of all insurance companies hit 303.38 million manat in January-September (a 18.36 percent growth) and claims hit 88.53 million manat (a 30.86 percent growth).

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

The official exchange rate is 0.7843 AZN/USD on October 17.

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