Baku, Azerbaijan, Oct. 27
By Anvar Mammadov – Trend:
Premiums collected by Azerbaijan’s 10 major insurance companies totaled 173.81 million manats in January-September 2017, said the Financial Market Supervisory Authority (FIMSA).
The figure accounts for 92.2 percent of the total insurance premiums collected during the reporting period.
|
Insurance company |
Premiums collected in January-September 2017, million manats |
Premiums collected in January-September 2016, million manats |
Market share of premiums in January-September 2017, % |
Market share of premiums in January-September 2016, % |
Ranking in January-September 2017 |
Ranking in January-September 2016 |
|
Ateshgah Life |
38.56 |
20.43 |
20.45 |
12.24 |
1 |
3 |
|
PASHA Life |
38.29 |
25.6 |
20.3 |
15.33 |
2 |
2 |
|
PASHA Insurance |
35.16 |
33.16 |
18.65 |
19.86 |
3 |
1 |
|
Qala Life |
14.42 |
19 |
7.65 |
11.38 |
4 |
4 |
|
Ateshgah |
11.66 |
11.42 |
6.18 |
6.84 |
5 |
6 |
|
AzerInsurance |
9.47 |
12.53 |
5.02 |
7.51 |
6 |
5 |
|
AXA MBASK |
9.42 |
6.76 |
5 |
4.05 |
7 |
7 |
|
AzInsurance |
6.67 |
5.74 |
3.54 |
3.44 |
8 |
10 |
|
A-Group |
5.68 |
6.07 |
3.01 |
3.64 |
9 |
9 |
|
Standard Insurance |
4.47 |
6.33 |
2.37 |
3.79 |
10 |
8 |
|
Total |
173.81 |
147.05 |
92.2 |
88.1 |
- |
- |
Ateshgah Life ranks first in terms of the premiums collected during the reporting period with a share of 20.45 percent in the total collected premiums. The company’s collected premiums reached 38.56 million manats in January-September 2017.
PASHA Life ranked second in the list with 20.3 percent (38.29 million manats), being followed by PASHA Insurance with a share of 18.65 percent (35.16 million manats).
Premiums collected by Azerbaijan’s insurance companies totaled 414.35 million manats in January-September 2017 that is 6.2 percent more than in the same period of 2016. Payment of insurance claims totaled 188.58 million manats in the reporting period that is 12.9 percent more than in the same period of 2016.
Twenty-two insurance companies operate in Azerbaijan.
(1.7002 AZN = $1 on Oct. 27)