Baku, Azerbaijan, March 19
By Emin Aliyev -Trend:
The Azerbaijani Finance Ministry has announced the outcome of 10 leading insurance companies' activity for January-February, 2014. They account for 84 percent of the total volume of insurance fees.
Some 28 insurance companies and one reinsurance company operated in Azerbaijan during the reported period.
|
Insurance company |
Premiums for January- February, 2014 in mln. manats |
Premiums for January- February, 2013 in mln. manats |
Share of fees in market in January-February 2014, in per cent |
Share of fees in market in January-February 2013, in per cent |
Ranking in January- February 2014 |
Ranking in January- February 2013 |
|
Paşa Sığorta |
25,08 |
23,38 |
27,37 |
29,69 |
1 |
1 |
|
Atəşgah Həyat |
12,85 |
8,07 |
14,03 |
10,24 |
2 |
2 |
|
İPƏK YOLU SIĞORTA |
7,41 |
6,30 |
8,09 |
8,00 |
3 |
3 |
|
Azerbaijan Republic State Insurance Commerce Company "Azərsığorta" |
6,37 |
4,35 |
6,95 |
5,52 |
4 |
7 |
|
Qala Həyat |
5,49 |
2,05 |
5,99 |
2,60 |
5 |
12 |
|
AzSığorta |
5,29 |
5,19 |
5,77 |
6,59 |
6 |
4 |
|
Atəşgah |
4,79 |
4,38 |
5,23 |
5,56 |
7 |
6 |
|
Paşa Həyat Sığorta |
4,43 |
4,68 |
4,84 |
5,94 |
8 |
5 |
|
AXA MBASK |
3,05 |
2,30 |
3,33 |
2,92 |
9 |
9 |
|
Beynəlxalq Sığorta Şirkəti |
2,22 |
2,88 |
2,42 |
3,66 |
10 |
8 |
|
Total |
76,98 |
63,58 |
84,02 |
80,72 |
- |
- |
Pasha Sığorta led the ranking in terms of insurance premiums which accounted for 28.4 percent in January- February, 2014.
The second and third places in the ranking are taken by Ateshgah Hayat with 14.03 percent of all market fees and Ipək Yolu Sigorta with 8.09 percent.
In February, the TOP- 10 in terms of insurance premiums included all three companies that have right to deal with life insurance in Azerbaijan, namely Ateshgah Hayat, Qala Hayat and Pasha Hayat.
The total volume of premiums amounted to 91, 62 million manat in January- February, 2014, a 16.32 percent growth per year, while payments in this period hit 19,02 million manat, a 17.33 percent growth.
The Azerbaijani Finance Ministry's report does not include figures of the only reinsurance company AzRE.
The official exchange rate on March 19 is 0, 7843 AZN/USD.