Baku, Azerbaijan, June 26
By Kheyraddin Nasirzade - Trend:
In January-May 2019, payments of ten leading insurance companies of Azerbaijan amounted to 83.05 million manats (88.6 percent of the total insurance payments).
The results of the activity of insurance companies in January-May 2019 have been announced by the Azerbaijan Financial Market Supervisory Authority.
|
Insurance companies |
Payments in January-May 2019, million manats |
Payments in January-May 2018, million manats |
Share of payments in the market in January-May 2019, % |
Share of payments in the market in January-May 2018, % |
Ranking in January-May 2019 |
Ranking in January-May 2018 |
|
PASHA Life |
23.8 |
21.5 |
25.4 |
22.1 |
1 |
2 |
|
PASHA Insurance |
19.79 |
22.47 |
21.11 |
23.1 |
2 |
1 |
|
Ateshgah |
7.74 |
7.87 |
8.25 |
8.1 |
3 |
5 |
|
AtaInsurance |
6.07 |
3.26 |
6.48 |
3.35 |
4 |
9 |
|
AzerInsurance |
5.48 |
6.86 |
5.84 |
7.04 |
5 |
6 |
|
Ipek Yolu |
4.56 |
0.4 |
4.86 |
0.4 |
6 |
17 |
|
Ateshgah Life |
4.54 |
8.85 |
4.84 |
9.1 |
7 |
3 |
|
Xalg Sigorta |
4.4 |
1.23 |
4.69 |
1.26 |
8 |
14 |
|
A-Group |
3.43 |
2.98 |
3.66 |
3.1 |
9 |
10 |
|
AXA MBASK |
3.23 |
4.07 |
3.45 |
4.17 |
10 |
7 |
|
Total |
83.05 |
79.49 |
88.6 |
81.6 |
- |
- |
The ranking is headed by Pasha Life. Some 25.4 percent of the reimbursements paid by all companies during the reporting period accounted for this company. In January-May 2019, this company made payments of 23.8 million manats.
Pasha Insurance with total payments of 19.79 million manats (21.11 percent of all payments) ranked second, while Ateshgah with total payments amounting to 7.74 million manats (8.25 percent of all payments) ranked third.
In January-May 2019, Azerbaijani insurance companies collected premiums in the amount of 319.272 million manats (a decrease of 9 percent for the year), payments in the same period amounted to 93.777 million manats (a decrease of 3.8 percent for the year).
(1 USD = 1.7 AZN on June 26)
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