PASHA Life again leader in Azerbaijan’s insurance ranking

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)

Iran's Parliament expects to finalize removal of zeros from national currency
Iran's Parliament expects to finalize removal of zeros from national currency
Iran intends to increase exports – Deputy Minister
Iran intends to increase exports – Deputy Minister
Iran’s Bahar Azadi gold coin price continues to fall
Iran’s Bahar Azadi gold coin price continues to fall
Loading Bars
Latest
Shah Deniz to account for major part of 2021 gas output growth in Azerbaijan
Aggregate assets of Azerbaijan's Bank VTB down
Record mortgage taking in Israel in Q1
Israel Hayom newspaper reporter saddened by destroyed mosque in Azerbaijan's Aghdam
Iran's Parliament expects to finalize removal of zeros from national currency
Turkey's furniture, wood exports to Azerbaijan increase
Iran intends to increase exports – Deputy Minister
Iran’s Bahar Azadi gold coin price continues to fall
Iran provides permit to private companies to import COVID-19 vaccine
Kazakhstan's Tethys Petroleum completes private placement with Pope Investments II LLC
Кazakh national telecommunications operator opens tender to buy spares
WB offers Kazakhstan to switch sewage treatment system to market financing
SES connectivity solutions provider to develop satellite-enabled services in Kazakhstan
Belarusian Belavia Airlines extends suspension of flights to Turkmenistan
Gold mining enterprise's construction kicks off in Kazakh Zhambyl region
Azerbaijan gives update on number of vaccinated citizens
Azerbaijan confirms 995 more COVID-19 cases, 1,136 recoveries
Presentation of new equipment in Iran’s electricity sector to be held
‘Lift embargo on vaccine raw material exports’: SII’s Poonawalla requests US President Biden
Indian economy better placed to meet second Covid wave with vaccination drive: CEA
10 Democrats Ask Biden To Back India's Waiver Bid At WTO
‘Utilise entire national capacity for vaccine production’: PM Modi reviews Covid situation
FM: Hopeful of getting rest of vaccine doses from India as scheduled
Iran continues preferential trade talks with five countries
Facebook signs renewable energy deal in India
Iran’s natural gas consumption rises
Fiscal package may be on cards to maintain India's economic recovery amid Covid resurgence
JCPOA negotiations reach progress, Iran's MFA spokesman says
Pakistani FM to visit Iran
Kazakhstan increases some ores output
Iran welcomes dialogue with Saudi Arabia - MFA
Azerbaijani payment system expands fintech services for SME industry
Georgia increases oil import from Azerbaijan
Iran's FM stresses need to finalize preferential tariff agreement with Indonesia
Austria will only use Sputnik V vaccine after EMA approval
Iran's renewable power plants ready to attract foreign investments
Kazakhstan's trade turnover with Uzbekistan surges
Volume of trade turnover in Turkmenistan’s private sector increased
Georgia decreases gas import from Azerbaijan
Foreign trade turnover between Georgia and Azerbaijan declines
Russia detects 192 cases of UK coronavirus strain, 21 cases of South African strain
Azerbaijan discloses fixed capital receipts from foreign investments
Coca-Cola revenue rises past estimates on easing pandemic curbs
Kazakhstan boosts revenues from air cargo transportation
Azerbaijan's State Customs Committee eyes to use eTIR procedure on all transport routes
TRACECA Permanent Representative talks cargo traffic growth on Azerbaijani section
Azerbaijan sees decrease in unemployment
Sunflower imports down in Georgia
Azerbaijan reveals data on cargo shipment from Baku port
Azerbaijan discloses volume of receipts in fixed assets for Q1 2021
Kazakhstan boosts imports from Turkmenistan y-o-y
Turkmenbashi Oil Refineries extends tender for purchase of gasoline
Italian companies ready to make investments in Iran
Japanese NEXI, Azerbaijan's Economy Ministry sign co-op memorandum
Israeli journalists visit Azerbaijan’s Aghdam district (PHOTO)
Iran's top nuclear negotiator talks revival of JCPOA, following JCPOA talks
Iran waiting for Vienna talks outcome to get its gas, electricity debts from Iraq
Azerbaijan to purchase tractors from Belarus
Azerbaijan creates working group to prepare "Smart City" and "Smart Village" concept
Turkmenistan Airlines change concept of cargo transportation
Iran reveals COVID-19 data for April 19
Uzbekistan's chemical imports from Turkey grows
Iran's renewable energy power plants increasing production
Azerbaijan appoints new ambassadors to several countries
Turkmenistan's Balkan region opens tender for construction of new village
Georgia sees increase in electricity imports from Azerbaijan
Azerbaijani president signs order to recall ambassador to Spain and Andorra
Britain’s M&S to boost online capacity with second warehouse
Azerbaijan appoints new ambassador to Spain
Iranian banks should stick to interest rates set by Central Bank - CBI governor
Exports from Iran's Gilan Province rise
Iran announces new rules for cryptocurrency mining
Technip Energies completes overhaul of SOCAR’s petrochemical complex
Iran's NISOC discloses amount of saved funds
IMF unveils outlook for ratio of Azerbaijan's state budget deficit to GDP
Azerbaijan shows footage from Mehdili village of Jabrayil district (VIDEO)
Work on Azerbaijan's Aghjabadi-Khojavand highway to wrap up soon (PHOTO)
Azerbaijan publishes data on 1Q2021 oil exports abroad
Horizontal directional drilling for IGB to begin in several months
Progress on Interconnector Greece-Bulgaria as of mid-April
Iran to launch renewable energy power plants
Microsoft to invest $1 bln in Malaysia to set up data centres - Malaysian PM
External merchandise trade of Georgia down
Copper ores and concentrates top Georgian exports
Azerbaijani mobile operators 1Q2021 revenues slightly lower
Uzbekistan’s Zharkurgonneft JSC to be reorganized by joining Uzbekneftegaz JSC
Around 500,000 bd of Iranian oil to enter market this year - JP Morgan
New Turkish ambassador arriving in Azerbaijan (PHOTO)
Resources of Qarz Al-Hasaneh Mehr Iran Bank soar
Iran raises imports of electrical goods from Turkey
Turkey records fewer cargo shipments at Izmir Airport
Russia records 8,589 new daily COVID-19 cases
Ukraine organizes charter flight to Turkmenistan
Czech Republic, Georgia plan to sign number of agreements
US increases imports of clothes from Turkey
Iran's IOOC begins extraction of crude oil from Esfand oil field
Turkey sees decline in number of real estate bought by Iranian citizens in 1Q2021
MOL Group’s capex on Azeri-Chirag-Gunashli revealed
Georgia reports 578 new cases of coronavirus for April 19
Uzbekistan's Bukhara Refinery resumes operations
All news