Baku, Azerbaijan, Sept. 26
By Azad Hasanli – Trend:
Premiums collected by Azerbaijan’s 10 major insurance companies totaled 324.03 million manats in January-August 2017, said the Financial Market Supervisory Authority (FIMSA).
The figure accounts for 87.8 percent of total insurance premiums collected during the reporting period.
|
Insurance company |
Premiums collected in January-August 2017, million manats |
Premiums collected in January-August 2016, million manats |
Market share of premiums in January-August 2017, % |
Market share of premiums in January-August 2016, % |
Ranking in January-August 2017 |
Ranking in January-August 2016 |
|
PASHA Life |
101.5 |
55.98 |
31.3 |
18.27 |
1 |
2 |
|
PASHA Insurance |
83.14 |
74.66 |
25.66 |
24.36 |
2 |
1 |
|
Ateshgah Insurance |
25.4 |
27.46 |
7.8 |
8.96 |
3 |
4 |
|
Ateshgah Life |
22.95 |
24.69 |
7.08 |
7.96 |
4 |
6 |
|
AzerInsurance |
17.2 |
35.47 |
5.3 |
11.58 |
5 |
3 |
|
AzInsurance |
16.97 |
14.67 |
5.24 |
4.8 |
6 |
11 |
|
SilkWay Insurance |
16.1 |
17.8 |
4.97 |
5.8 |
7 |
7 |
|
AXA MBASK |
15.67 |
14.96 |
4.8 |
4.88 |
8 |
10 |
|
Qala Life |
12.88 |
24.7 |
3.98 |
8.06 |
9 |
5 |
|
Mega Insurance |
12.2 |
16 |
3.8 |
5.2 |
10 |
9 |
|
Total |
324.03 |
306.45 |
87.8 |
86.04 |
- |
- |
PASHA Life insurance company ranks first in terms of the premiums collected during the period with a share of 31.3 percent in the total amount. The company’s collected premiums reached 101.5 million manats in January-August 2017.
PASHA Insurance ranks second in the list with 25.66 percent (83.14 million manats) and is followed by Ateshgah Insurance – 7.8 percent (25.4 million manats).
Premiums collected by Azerbaijan’s insurance companies totaled 368.92 million manats in January-August 2017 that is 3.6 percent more than in the same period of 2016. Payment of insurance claims totaled 167.06 million manats in the period that is 22.1 percent more than in the same period of 2016.
Twenty-two insurance companies operate in Azerbaijan.
(1.7008 AZN = $1 on September 26)