Baku, Azerbaijan, Dec.18
By Emin Aliyev - Trend:
The Azerbaijani Finance Ministry announced results of operations of the top ten insurance companies for January-November. Over 82.95 percent of the total insurance payments accounted for them.
Some 28 insurance companies and one reinsurance company operated in Azerbaijan during that period.
|
Insurance company |
Payments for January- November, 2013 in million manat |
Payments for January- November, 2012 in million manat |
Share of payments in market in January-November 2013 in percent |
Share of payments in market in January-November 2012 in percent |
Ranking in January- November 2013 |
Ranking in January- November 2012 |
|
Pasa Sıgorta |
25.24 |
19.72 |
22.85 |
23.89 |
1 |
1 |
|
Atesgah |
13.77 |
8.1 |
12.46 |
9.81 |
2 |
3 |
|
Azerbaijan Republic State Insurance Commerce Company Azersıgorta |
11.64 |
10.26 |
10.54 |
12.43 |
3 |
2 |
|
AzSıgorta |
8.29 |
3.04 |
7.5 |
3.68 |
4 |
9 |
|
AXA MBASK |
7.46 |
5.26 |
6.75 |
6.37 |
5 |
7 |
|
Standard Insurance |
7.41 |
4.62 |
6.71 |
5.6 |
6 |
5 |
|
A-Qroup Sıgorta Sirketi |
5.93 |
5.1 |
5.37 |
6.18 |
7 |
6 |
|
Beynelxalq Sıgorta Sirketi |
5.4 |
5.99 |
4.89 |
7.26 |
8 |
4 |
|
Bakı Sıgorta |
3.44 |
2.41 |
3.11 |
2.92 |
9 |
10 |
|
Xalq Sıgorta |
3.06 |
2.0 |
2.77 |
2.42 |
10 |
12 |
|
Total |
91.64 |
66.5 |
82.95 |
80.56 |
- |
- |
Pasa Sıgorta led the ranking on insurance payments as in the previous month, which accounted for nearly 23 percent of premiums paid by all companies in January-November. During the reporting period, the company paid around 25.24 million manat.
Atəşgah Sığorta with payments amounted to 13.77 million manat (12.46 percent of all collections of the market) and Azerbaijan Republic State Insurance Commerce Company Azərsığorta - 11.64 million manat (10.54 percent) ranked the second and third respectively.
The total premiums amounted to 368.88 million manat in January-November 2013 (17.86 percent increase in a year) and payments in this period hit 110.48 million manat (33.85 percent increase).
The Azerbaijani Finance Ministry's report did not include the figures of the only reinsurance company AzRE.
The official exchange rate on Dec.18 is 0.7844 AZN/USD.