Baku, Azerbaijan, Feb. 22
By Anvar Mammadov – Trend:
Premiums collected by Azerbaijan’s 10 major insurance companies totaled 78.37 million manats in January 2018, said the Financial Market Supervisory Authority (FIMSA).
The figure accounts for 94.7 percent of total insurance premiums collected during the reporting period.
|
Insurance company |
Premiums collected in January 2018, million manats |
Premiums collected in January 2017, million manats |
Market share of premiums in January 2018, % |
Market share of premiums in January 2017, % |
Ranking in January 2018 |
Ranking in January 2017 |
|
PASHA Insurance |
41.23 |
37.67 |
49.8 |
53.3 |
1 |
1 |
|
PASHA Life |
14.48 |
5.63 |
17.5 |
8 |
2 |
3 |
|
SilkWay Insurance |
6.51 |
7.16 |
7.9 |
10.1 |
3 |
2 |
|
Ateshgah Life |
3.04 |
1.37 |
3.7 |
1.9 |
4 |
10 |
|
Ateshgah Insurance |
2.91 |
2.6 |
3.5 |
3.7 |
5 |
6 |
|
AXA MBASK |
2.82 |
2.82 |
3.4 |
4 |
6 |
5 |
|
Qala Insurance |
2.51 |
1.97 |
3 |
2.8 |
7 |
7 |
|
Mega Insurance |
2.23 |
1.57 |
2.7 |
2.2 |
8 |
8 |
|
AtaInsurance |
1.4 |
0.72 |
1.7 |
1 |
9 |
15 |
|
AzInsurance |
1.24 |
1.4 |
1.5 |
2 |
10 |
9 |
|
Total |
78.37 |
62.91 |
94.7 |
89 |
- |
- |
PASHA Insurance company ranks first in terms of the premiums collected in January 2018 with a share of 49.8 percent in the total amount.
PASHA Life ranks second in the list with 17.5 percent and is followed by SilkWay Insurance – 7.9 percent.
Premiums collected by Azerbaijan’s insurance companies totaled 82.76 million manats in January 2018 that is 17.02 percent more than in the same period last year. Payment of insurance claims totaled 22.99 million manats in the reporting period that is 14.2 percent less than in January 2017.
Twenty-one insurance companies operate in Azerbaijan.
(1.7001 manats = $1 on Feb. 22)