Baku, Azerbaijan, Jan. 16
By Azad Hasanli – Trend:
Premiums collected by Azerbaijan’s 10 major insurance companies totaled 480.3 million manats in 2017, said the Financial Market Supervisory Authority (FIMSA).
The figure accounts for 86.25 percent of total insurance premiums collected during the reporting period.
|
Insurance company |
Premiums collected in 2017, million manats |
Premiums collected in 2016, million manats |
Market share of premiums in 2017, % |
Market share of premiums in 2016, % |
Ranking in 2017 |
Ranking in 2016 |
|
PASHA Life |
152.76 |
77.68 |
27.43 |
15.98 |
1 |
2 |
|
PASHA Insurance |
107.57 |
100.01 |
19.3 |
20.58 |
2 |
1 |
|
AzerInsurance |
40.45 |
41.22 |
7.3 |
8.48 |
3 |
3 |
|
Ateshgah Insurance |
39.13 |
39.8 |
7 |
8.2 |
4 |
4 |
|
Ateshgah Life |
38.37 |
37.4 |
6.89 |
7.7 |
5 |
5 |
|
AzInsurance |
25.3 |
22.72 |
4.54 |
4.67 |
6 |
7 |
|
AXA MBASK |
22.29 |
21.97 |
4 |
4.5 |
7 |
8 |
|
Qala Life |
19.89 |
31.7 |
3.57 |
6.5 |
8 |
6 |
|
SilkWay Insurance |
17.68 |
19.15 |
3.17 |
3.9 |
9 |
11 |
|
Mega Insurance |
16.85 |
20.72 |
3.03 |
4.26 |
10 |
10 |
|
Total |
480.3 |
385.31 |
86.25 |
84.77 |
- |
- |
PASHA Life insurance company ranks first in terms of the premiums collected in 2017 with a share of 27.43 percent in the total amount.
PASHA Insurance ranks second in the list with 19.3 percent and is followed by AzerInsurance – 7.3 percent.
Premiums collected by Azerbaijan’s insurance companies totaled 556.87 million manats in 2017 that is 14.56 percent more than in 2016. Payment of insurance claims totaled 257.1 million manats in the reporting period that is 8.4 percent more than in 2016.
Twenty-one insurance companies operate in Azerbaijan.
(1.7001 manats = $1 on Jan. 16)