Baku, Azerbaijan, Nov. 24
By Abbas Akhundov: The following chart shows the ranking of 28 Azerbaijani insurance companies in terms of premiums collected in January-October 2013:
|
No. |
Insurance companies |
Premiums in Jan.-Oct. 2013 in Azerbaijani manats |
|
1 |
Pasa Sıgorta |
47,363,828.94 |
|
2 |
AzSıgorta |
35,566,036.66 |
|
3 |
Azerbaijan State Insurance Commercial Company Azersıgorta |
33,052,021.00 |
|
4 |
Atesgah |
30,659,853.31 |
|
5 |
Pasa Hayat Sıgorta |
28,377,513.71 |
|
6 |
Atesgah Heyat |
20,462,326.16 |
|
7 |
İpek Yolu Sigorta |
15,932,137.47 |
|
8 |
Standard Insurance |
15,671,288.30 |
|
9 |
AXA MBASK |
14,483,595.33 |
|
10 |
Beynelxalq Sıgorta Sirketi |
11,753,543.82 |
|
11 |
AtaSıgorta |
10,815,272.58 |
|
12 |
Azerbaycan Senaye Sıgorta |
9,835,619.42 |
|
13 |
Mega Sıgorta |
9,299,363.50 |
|
14 |
Xalq Sığorta |
9,171,198.63 |
|
15 |
Qala Heyat |
8,121,323.11 |
|
16 |
Buta Sıgorta |
6,369,531.28 |
|
17 |
Qarant Sıgorta |
6,258,419.41 |
|
18 |
Bakı Sıgorta |
5,337,412.91 |
|
19 |
Alfa Sıgorta |
4,680,568.53 |
|
20 |
A-Qroup |
4,617,846.15 |
|
21 |
Revan Sıgorta |
3,236,594.43 |
|
22 |
Basak İnam Sıgorta Sirketi |
3,192,494.68 |
|
23 |
Azerqarant Sıgorta |
848,300.48 |
|
24 |
Chartis Azerbaijan |
835,217.00 |
|
25 |
Amrah Sıgorta |
665,350.86 |
|
26 |
Era Trans Sıgorta |
625,135.44 |
|
27 |
Gunay Sıgorta |
292,783.09 |
|
28 |
Royal Sıgorta |
125,094.14 |
|
Total: |
337,649,670.34 |
According to the report of the State Insurance Supervision Service of Azerbaijani Ministry of Finance, published on its website, Pasa Sıgorta leads the ranking in terms of insurance fees collected in Jan.-Oct. 2013. Some 14.03 per cent of total premiums collected during this period accounted for this company.
AzSıgorta (10.53 per cent of all fees of the market) and Azerbaijan State Insurance Commercial Company Azersıgorta (9.79 per cent) ranked the second and third respectively.
The following chart shows the ranking of 28 insurance companies in terms of compensations paid in January-October 2013:
|
No. |
Insurance companies |
Compensation payments in Jan.-Oct. 2013, in Azerbaijani manats |
|
1 |
Pasa Sıgorta |
22,488,304.85 |
|
2 |
Atesgah |
12,114,688.50 |
|
3 |
Azerbaijan State Insurance Commercial Company Azersıgorta |
10,680,449.00 |
|
4 |
AzSıgorta |
7,458,121.32 |
|
5 |
AXA MBASK |
6,751,996.85 |
|
6 |
Standard Insurance |
6,522,177.10 |
|
7 |
A-Qroup |
5,372,350.81 |
|
8 |
Beynelxalq Sıgorta Sirketi |
4,972,677.53 |
|
9 |
Bakı Sıgorta |
3,186,073.67 |
|
10 |
Xalq Sıgorta |
2,779,773.90 |
|
11 |
Atesgah Heyat |
2,328,052.89 |
|
12 |
AtaSıgorta |
2,184,174.81 |
|
13 |
Qarant Sıgorta |
1,636,775.95 |
|
14 |
Buta Sıgorta |
1,623,138.16 |
|
15 |
Azerbaycan Senaye Sıgorta |
1,566,931.95 |
|
16 |
Basak İnam Sıgorta Sirketi |
1,276,009.23 |
|
17 |
Mega Sıgorta |
1,268,220.97 |
|
18 |
Alfa Sıgorta |
1,196,326.82 |
|
19 |
Revan Sıgorta |
981,528.45 |
|
20 |
Pasa Heyat Sıgorta |
739,127.39 |
|
21 |
Amrah Sıgorta |
452,879.77 |
|
22 |
Chartis Azerbaijan |
411,920.00 |
|
23 |
Qala Heyat |
285,163.42 |
|
24 |
Era Trans Sıgorta |
276,702.50 |
|
25 |
Azerqarant Sıgorta |
275,491.44 |
|
26 |
Gunay Sıgorta |
76,262.07 |
|
27 |
İpek Yolu Sigorta |
64,007.75 |
|
28 |
Royal Sıgorta |
4,580.26 |
|
Total: |
98,973,907.36 |
Pasha Sıgorta is the market leader in terms of insurance compensation payments too. In January-October the company paid almost 22.49 million manats, or over 22.72 per cent of all compensations during the reporting period.
It is followed by Ateshgah with 12.11 million manats (12.24 per cent of total payments) and Azersıgorta with 10.68 million manats (over 10.79 per cent).
The total amount of premiums of all insurance companies totalled 337.65 million manats in January-October (a 19.67 per cent growth) and compensation payments hit 98.97 million manats (a 31.16 per cent growth).
The only reinsurance company AzRe's statistical indices are not indicated in the report.
Official exchange rate on Nov. 24 is 0.7843 AZN/USD.