Baku, Azerbaijan, March 1
By Kheyraddin Nasirov - Trend:
In January 2019, the fees of the top ten insurance companies of Azerbaijan amounted to 83.34 million manats (94.5 percent of the total insurance fees).
The results of the activity of insurance companies in January 2019 have been announced by the Azerbaijan Financial Market Supervisory Authority.
|
Name of insurance company |
Premiums in January 2019, in million manats |
Premiums in January 2018, in million manats |
Share in volume of fees on market in January 2019 (%) |
Share in volume of fees on market in January 2018 (%) |
Place in ranking in January 2019 |
Place in ranking in January 2018 |
|
PASHA Insurance |
46.42 |
41.23 |
52.63 |
49.82 |
1 |
1 |
|
PASHA Life |
10.88 |
14.48 |
12.33 |
17.49 |
2 |
2 |
|
Ipek Yolu |
6.72 |
6.51 |
7.62 |
7.86 |
3 |
3 |
|
Ateshgah |
6.03 |
2.9 |
6.84 |
3.52 |
4 |
5 |
|
Qala Insurance |
2.79 |
2.51 |
3.17 |
3.03 |
5 |
7 |
|
Mega Insurance |
2.48 |
2.23 |
2.81 |
2.7 |
6 |
8 |
|
Ateshgah Life |
2.32 |
3.04 |
2.63 |
3.67 |
7 |
4 |
|
Xalg Sigorta |
2.03 |
0.54 |
2.3 |
0.66 |
8 |
14 |
|
AtaInsurance |
1.99 |
1.4 |
2.26 |
1.69 |
9 |
9 |
|
AzerInsurance |
1.67 |
0.46 |
1.89 |
0.56 |
10 |
15 |
|
TOTAL |
83.34 |
78.37 |
94.5 |
94.7 |
- |
- |
At the end of the reported period, the ranking in terms of insurance payments was led by PASHA Insurance, which accounted for 52.63 percent of fees in the reported period. In January 2019, this company produced fees amounting to 46.42 million manats.
The second position in the ranking was held by PASHA Life with total fees of 10.88 million manats (about 12.33 percent of all payments), and the third was Ipek Yolu with fees of 6.72 million manats (7.62 percent).
In January 2019, insurance companies operating in Azerbaijan collected premiums in the amount pf 88.19 million manats (an increase of 6.57 percent over a year), payments in the same period amounted to 17.16 million manats (a decrease of 25.38 percent over a year).