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Top-10 Azerbaijani insurers’ premiums make over 50%

Business Materials 7 August 2017 20:41 (UTC +04:00)

Baku, Azerbaijan, Aug. 7

By Anvar Mammadov – Trend:

Insurance premiums of Azerbaijan’s 10 major insurance companies totaled 276.16 million manats in 1H17, said the Financial Market Supervisory Authority (FIMSA).

The figure accounts for 88.3 percent of all the insurance premiums collected during the period.

Twenty-two insurance companies operate in Azerbaijan.

Insurance company

Premiums in 1H17, million manats

Premiums in 1H16, million manats

Market share of premiums in 1H17, %

Market share of premiums in 1H16, %

Ranking in 1H17

Ranking in 1H16

PASHA Insurance

79.62

64.61

28.8

22.6

1

1

PASHA Life

66.66

45.03

24.1

15.8

2

2

Ateshgah Insurance

16.65

21.33

6

7.5

3

4

Ateshgah Life

15.89

19.96

5.8

7

4

5

AzerInsurance

13.23

32.67

4.8

11.5

5

3

AzInsurance

12.38

10.59

4.5

3.7

6

10

AXA MBASK

11.57

11.39

4.2

4

7

9

Mega Insurance

10.31

13.8

3.7

4.8

8

7

Qala Life

8.76

16.95

3.2

5.9

9

6

Silk Way Insurance

8.75

10.06

3.2

3.5

10

11

TOTAL

276.16

246.41

88.3

86.4

-

-

Pasha Insurance continues to lead the ranking in terms of the premiums collected during the period. The company’s share of the total collected premiums was 28.8 percent.

Pasha Life ranked the second in the list with 24.1 percent, being followed by Ateshgah Life, the share of which was 6 percent.

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