Baku, Azerbaijan, Nov. 17
By Anvar Mammadov – Trend:
Premiums collected by Azerbaijan’s 10 leading insurance companies totaled 404.99 million manats in January-October 2017, said the Financial Market Supervisory Authority (FIMSA).
The figure accounts for 87.5 percent of the total insurance premiums collected during the period.
|
Insurance company |
Premiums collected in January-October 2017, million manats |
Premiums collected in January-October 2016, million manats |
Market share of premiums in January-October 2017, % |
Market share of premiums in January-October 2016, % |
Ranking in January-October 2017 |
Ranking in January-October 2016 |
|
PASHA Life |
123.37 |
66.98 |
26.67 |
15.93 |
1 |
2 |
|
PASHA Insurance |
99.61 |
89.52 |
21.53 |
21.3 |
2 |
1 |
|
AzerInsurance |
36.19 |
37.99 |
7.82 |
9.04 |
3 |
3 |
|
Ateshgah Insurance |
30.55 |
32.14 |
6.6 |
7.65 |
4 |
4 |
|
Ateshgah Life |
27.88 |
30.34 |
6.03 |
7.22 |
5 |
5 |
|
AzInsurance |
20.55 |
19.28 |
4.44 |
4.59 |
6 |
7 |
|
AXA MBASK |
19.2 |
18.55 |
4.15 |
4.41 |
7 |
9 |
|
SilkWay Insurance |
16.85 |
18.49 |
3.64 |
4.4 |
8 |
10 |
|
Qala Life |
15.74 |
27.89 |
3.4 |
6.63 |
9 |
6 |
|
Mega Insurance |
15.04 |
19.13 |
3.25 |
4.55 |
10 |
8 |
|
Total |
404.99 |
360.33 |
87.5 |
85.7 |
- |
- |
PASHA Life ranks first in terms of the premiums collected during the period with a share of 26.67 percent.
PASHA Insurance ranked second with 21.53 percent, being followed by AzerInsurance with a share of 9.04 percent.
Premiums collected by Azerbaijan’s insurance companies totaled 462.65 million manats in January-October 2017, 10.16 percent more than in the same period of 2016. Payment of insurance claims totaled 204.6 million manats in the reporting period, 7.12 percent more than in the same period of 2016.
Twenty-two insurance companies operate in Azerbaijan.
(1.7002 AZN = 1 USD on Nov. 17)
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