Baku, Azerbaijan, Nov. 17
By Anvar Mammadov – Trend:
Pay-outs of Azerbaijan’s 10 major insurance companies amounted to 188.44 million manats in January-October 2017, the Financial Market Supervisory Authority (FIMSA) reported.
The figure accounts for 92.1 percent of all the insurance pay-outs for the ten months of 2017.
|
Insurance company |
Pay-outs in January-October 2017, million manats |
Pay-outs in January-October 2016, million manats |
Share for volume of pay-outs in January-October 2017, % |
Share for volume of pay-outs in January-October 2016, % |
Ranking in January-October 2017 |
Ranking in January-October 2016 |
|
Ateshgah Life |
41.02 |
23.35 |
20.05 |
12.25 |
1 |
3 |
|
PASHA Insurance |
39.97 |
37.69 |
19.53 |
19.77 |
2 |
1 |
|
PASHA Life |
39.85 |
32.52 |
19.47 |
17.06 |
3 |
2 |
|
Qala Life |
15.4 |
20.05 |
7.53 |
10.51 |
4 |
4 |
|
Ateshgah |
13 |
12.95 |
6.35 |
6.79 |
5 |
6 |
|
AXA MBASK |
10.49 |
7.68 |
5.13 |
4.03 |
6 |
7 |
|
AzerInsurance |
9.97 |
13.59 |
4.87 |
7.13 |
7 |
5 |
|
AzInsurance |
7.44 |
6.43 |
3.63 |
3.37 |
8 |
10 |
|
A-Group |
6.43 |
6.67 |
3.14 |
3.5 |
9 |
9 |
|
Standard Insurance |
4.87 |
7.18 |
2.38 |
3.76 |
10 |
8 |
|
TOTAL |
188.44 |
168.09 |
92.1 |
88.17 |
- |
- |
Ateshgah Life Insurance leads the ranking in terms of the pay-outs in January-October 2017. The company’s share of the total pay-outs was at 20.05 percent. Pay-outs of Ateshgah Life Insurance totaled 41.02 million manats in January-October 2017.
PASHA Insurance ranked the second in the list with 39.97 million manats (19.53 percent), being followed by PASHA Life – 39.85 million manats (19.47 percent).
In January-October 2017, all insurance companies operating in Azerbaijan collected 462.65 million manats in premiums, which is more by 10.16 percent than in the same period of 2016.
Pay-outs of the Azerbaijani insurance companies reached 204.6 million manats during the period, which is by 7.12 percent more than in January-October 2016.
Twenty-two insurance companies operate in Azerbaijan.
(1.7002 manats = $1 on Nov. 17)