Baku, Azerbaijan, July 19
By Kheyraddin Nasirzade - Trend:
In January-June 2019, the fees of top ten insurance companies in Azerbaijan amounted to about 330.224 million manats (91.4 percent of the total insurance fees).
The results of the activity of insurance companies in January-June 2019 have been announced by the Azerbaijan Financial Market Supervisory Authority (FIMSA).
|
Insurance company |
Fees in January-June 2019, in million manats |
Fees in January-June 2018, in million manats |
Share in volume of fees on market in January-June 2019 (%) |
Share in volume of fees on market in January-June 2018 (%) |
Ranking in January-June 2019 |
Ranking in January-June 2018 |
|
PASHA Life |
109.275 |
144.614 |
30.24 |
36.5 |
1 |
1 |
|
PASHA Insurance |
89.197 |
83.362 |
24.7 |
21.03 |
2 |
2 |
|
AzerInsurance |
36.157 |
34.912 |
10.01 |
8.81 |
3 |
3 |
|
Ateshgah Life |
19.985 |
28.165 |
5.53 |
7.11 |
4 |
4 |
|
Ateshgah |
17.633 |
19.698 |
4.88 |
4.10 |
5 |
5 |
|
Mega Insurance |
14.603 |
15.023 |
4.04 |
3.80 |
6 |
6 |
|
Qala Insurance |
12.72 |
7.435 |
3.52 |
1.88 |
7 |
12 |
|
Xalg Sigorta |
12.68 |
3.382 |
3.51 |
0.83 |
8 |
14 |
|
AtaInsurance |
9.382 |
10.355 |
2.6 |
2.61 |
9 |
7 |
|
Ipek Yolu |
8.588 |
7.721 |
2.38 |
1.95 |
10 |
10 |
|
TOTAL |
330.224 |
326.502 |
91.4 |
82.3 |
- |
- |
At the end of the reported period, the ranking in terms of insurance payments was led by PASHA Life, which accounted for 30.2 percent of fees. In January-June 2019, this company produced fees amounting to 109.275 million manats.
The second position in the ranking was held by PASHA Insurance with total fees of 89.197 million manats (about 24.7 percent of all fees), and the third was held by AzerInsurance with fees of 36.157 million manats (10.01 percent).
In January-June 2019, insurance companies operating in Azerbaijan collected premiums in the amount of 361.336 million manats (a decrease by 8.8 percent over a year), and payments in the same period amounted to 119.102 million manats (a decrease of 0.2 percent over a year).
(1 USD = 1.7 AZN on July 19)
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