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PASHA Life retains leadership in ranking of insurance companies in Azerbaijan on payments

Business Materials 8 May 2019 13:35 (UTC +04:00)

Baku, Azerbaijan, May 8

By Kheyraddin Nasirzade - Trend:

In January-March 2019, payments of ten leading insurance companies of Azerbaijan amounted to 42.49 million manats (91.9 percent of the total insurance payments).

The results of the activity of insurance companies in January-March 2019 have been announced by the Azerbaijan Financial Market Supervisory Authority.

Insurance companies

Payments in January-March 2019, million manats

Payments in January-March 2018, million manats

Share of payments in the market in January-March 2019, %

Share of payments in the market in January-March 2018, %

Place in the ranking in January-March 2019

Place in the ranking in January-March 2018

PASHA Life

12.49

16.12

27.01

26.75

1

1

PASHA Insurance

9.04

12.19

19.56

20.21

2

2

Ateshgah

4.55

4.56

9.83

7.55

3

5

AtaInsurance

3.48

1.83

7.52

3.04

4

9

AzerInsurance

2.95

3.5

6.39

5.81

5

6

Ateshgah Life

2.71

6.31

5.85

10.47

6

3

AXA MBASK

2.09

2.45

4.51

4.06

7

7

A-Group

2.01

1.69

4.35

2.81

8

10

Xalg Sigorta

1.96

0.6

4.24

0.99

9

14

AzInsurance

1.22

2.28

2.63

3.79

10

8

TOTAL

42.49

51.53

91.9

85.47

-

-

The ranking is headed by Pasha Life, which accounted for 27.01 percent of the reimbursements paid by all companies during the reporting period. In January-March 2019, this company made payments of 12.49 million manats.

The second position in the ranking was taken by Pasha Insurance with total payments of 9.04 million manats (19.56 percent of all payments), and the third position was taken by Ateshgah with total payments amounting to 4.55 million manats (9.83 percent of all payments).

In January-March 2019, Azerbaijani insurance companies collected premiums in the amount of 201.17 million manats (an increase of 4.17 percent over a year), payments in the same period amounted to 46.23 million manats (a decrease of 23.32 percent over a year).

(1 USD = 1.7 AZN on May 8)

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