Baku, Azerbaijan, Sept. 12
By Anvar Mammadov – Trend:
Premiums collected by Azerbaijan’s 10 major insurance companies totaled 132.46 million manats in January-July 2017, said the Financial Market Supervisory Authority (FIMSA).
The figure accounts for 92 percent of the total insurance premiums collected during the reporting period.
|
Insurance company |
Premiums collected in January-July 2017, million manats |
Premiums collected in January-July 2016, million manats |
Market share of premiums in January-July 2017, % |
Market share of premiums in January-July 2016, % |
Ranking in January-July 2017 |
Ranking in January-July 2016 |
|
Ateshgah Life |
30.52 |
18.68 |
21.2 |
15.7 |
1 |
2 |
|
PASHA Life |
27.91 |
13.6 |
19.4 |
11.4 |
2 |
3 |
|
PASHA Insurance |
24.32 |
24.2 |
16.9 |
20.3 |
3 |
1 |
|
Qala Life |
12.32 |
11.03 |
8.6 |
9.3 |
4 |
4 |
|
Ateshgah |
8.82 |
8.68 |
6.1 |
7.3 |
5 |
6 |
|
AzerInsurance |
7.7 |
10.4 |
5.4 |
8.7 |
6 |
5 |
|
AXA MBASK |
7.62 |
5.04 |
5.3 |
4.2 |
7 |
7 |
|
AzInsurance |
5.06 |
3.99 |
3.5 |
3.4 |
8 |
10 |
|
A-Group |
4.56 |
4.8 |
3.2 |
4 |
9 |
9 |
|
Standard Insurance |
3.64 |
4.9 |
2.5 |
4.1 |
10 |
8 |
|
Total |
132.46 |
105.32 |
92 |
88.5 |
- |
- |
Ateshgah Life ranks first in terms of the premiums collected during the period with a share of 21.2 percent in the total collected premiums. The company’s collected premiums reached 30.52 million manats in January-July 2017.
PASHA Life ranked second in the list with 19.4 percent (27.91 million manats), being followed by PASHA Insurance with a share of 16.9 percent (24.32 million manats).
Twenty-two insurance companies operate in Azerbaijan.