Baku, Azerbaijan, Oct. 31
By Taleh Mursagulov - Trend:
In January-September 2018, the premiums of the top 10 insurance companies in Azerbaijan amounted to 508.99 million manats (89.54 percent of total premiums).
The results of the activity of insurance companies for the nine months of 2018 were announced by the Azerbaijan Financial Market Supervisory Authority.
|
Insurance company |
Premiums, January-September 2018, million AZN |
Premiums, January-September 2017, million AZN |
Share of premiums in the market, January-September 2018, % |
Share of premiums in the market, January-September 2017, % |
Place in ranking, January-September 2018 |
Place in ranking, January-September 2017 |
|
PASHA Life |
209.23 |
112.19 |
36.8 |
27.08 |
1 |
1 |
|
PASHA Insurance |
108.24 |
93.61 |
19.04 |
22.59 |
2 |
2 |
|
Ateshgah Life |
41.41 |
25.87 |
7.28 |
6.24 |
3 |
4 |
| AzerInsurance |
39.16 |
23.28 |
6,89 |
5.62 |
4 |
5 |
|
Ateshgah Insurance |
28.58 |
27.86 |
5.03 |
6.72 |
5 |
3 |
|
Mega Insurance |
22.14 |
14.39 |
3.9 |
3.47 |
6 |
9 |
|
Ata Insurance |
16.3 |
9.49 |
2.87 |
2.29 |
7 |
12 |
| Silk Way Insurance |
15.69 |
16.71 |
2.76 |
4.03 |
8 |
8 |
|
AXA MBASK |
14.43 |
17.14 |
2.54 |
4.14 |
9 |
7 |
|
AzInsurance |
13.81 |
18.79 |
2.43 |
4.53 |
10 |
6 |
|
TOTAL |
508.99 |
359.33 |
89.54 |
86.71 |
- |
- |
The ranking by the insurance premiums for the nine months of 2018 is headed by PASHA Life, which accounts for 36.8 percent of the total premiums.
The second and third places in the ranking were PASHA Insurance (19.04 percent) and Ateshgah Life (7.28 percent), respectively.
The report does not include the only reinsurance company AzRe.
There are 21 insurance companies in Azerbaijan.
(1.7 AZN = 1 USD on Oct. 31)