Baku, Azerbaijan, May 9
By Kheyraddin Nasirzade - Trend:
In January-March 2019, the fees of the top ten insurance companies of Azerbaijan amounted to about 190.38 million manats (94.64 percent of the total insurance fees).
The results of the activity of insurance companies in January-March 2019 have been announced by the Azerbaijan Financial Market Supervisory Authority (FIMSA).
|
Insurance company |
Fees in January-March 2019, in million manats |
Fees in January-March 2018, in million manats |
Share in volume of fees on market in January-March 2019 (%) |
Share in volume of fees on market in January-March 2018 (%) |
Ranking in January-March 2019 |
Ranking in January-March 2018 |
|
PASHA Insurance |
64.47 |
65.55 |
32.05 |
33.94 |
1 |
1 |
|
PASHA Life |
39.67 |
55.67 |
19.72 |
28.83 |
2 |
2 |
|
AzerInsurance |
31.69 |
4.61 |
15.75 |
2.39 |
3 |
8 |
|
Ateshgah |
10.53 |
8.43 |
5.23 |
5.05 |
4 |
5 |
|
Ateshgah Life |
9.29 |
12.88 |
4.62 |
6.67 |
5 |
3 |
|
Mega Insurance |
8.62 |
10.12 |
4.29 |
5.24 |
6 |
4 |
|
Ipek Yolu |
6.84 |
6.6 |
3.4 |
3.42 |
7 |
6 |
|
Xalg Sigorta |
5.7 |
1.27 |
2.83 |
0.66 |
8 |
17 |
|
Qala Insurance |
5.62 |
3.7 |
2.8 |
1.92 |
9 |
11 |
|
AtaInsurance |
5.37 |
4.24 |
2.67 |
2.2 |
10 |
9 |
|
TOTAL |
190.38 |
177.37 |
94.64 |
91.85 |
- |
- |
At the end of the reported period, the ranking in terms of insurance payments was led by PASHA Insurance, which accounted for 32.05 percent of fees in the reported period. In January-March 2019, this company produced fees amounting to 64.47 million manats.
The second position in the ranking was held by PASHA Life with total fees of 39.67 million manats (about 19.72 percent of all payments), and the third was AzerInsurance with fees of 31.69 million manats (15.75 percent).
In January-March 2019, insurance companies operating in Azerbaijan collected premiums in the amount of 201.17 million manats (an increase of 4.2 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 9)
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