Baku, Azerbaijan, April 6
By Kheyraddin Nasirzade - Trend:
In January-February 2019, the fees of the top ten insurance companies of Azerbaijan amounted to about 124 million manats (93.36 percent of the total insurance fees).
The results of the activity of insurance companies in January-February 2019 have been announced by the Azerbaijan Financial Market Supervisory Authority (FIMSA).
|
Insurance company |
Premiums in January-February 2019, in million manats |
Premiums in January-February 2018, in million manats |
Share in volume of fees on market in January-February 2019 (%) |
Share in volume of fees on market in January-February 2018 (%) |
Place in ranking in January-February 2019 |
Place in ranking in January-February 2018 |
|
PASHA Insurance |
57.97 |
49.45 |
43.65 |
38 |
1 |
1 |
|
PASHA Life |
24.22 |
32.45 |
18.24 |
24.93 |
2 |
2 |
|
Ipek Yolu |
8.33 |
5.35 |
6.27 |
4.11 |
3 |
6 |
|
Ateshgah |
6.8 |
6.57 |
5.12 |
5.05 |
4 |
3 |
|
Qala Insurance |
5.55 |
5.65 |
4.18 |
4.34 |
5 |
4 |
|
Mega Insurance |
5.07 |
6.25 |
3.82 |
4.8 |
6 |
5 |
|
Ateshgah Life |
4.71 |
3.07 |
3.54 |
2.36 |
7 |
9 |
|
Xalg Sigorta |
3.81 |
2.71 |
2.87 |
2.08 |
8 |
11 |
|
AtaInsurance |
3.81 |
3.65 |
2.87 |
1.8 |
9 |
8 |
|
AzerInsurance |
3.74 |
1.04 |
2.82 |
0.8 |
10 |
15 |
|
TOTAL |
124 |
116.19 |
93.4 |
89.3 |
- |
- |
At the end of the reported period, the ranking in terms of insurance payments was led by PASHA Insurance, which accounted for 43.65 percent of fees in the reported period. In January-February 2019, this company produced fees amounting to 57.97 million manats.
The second position in the ranking was held by PASHA Life with total fees of 24.22 million manats (about 18.24 percent of all payments), and the third was Ateshgah with fees of 8.33 million manats (6.27 percent).
In January-February 2019, insurance companies operating in Azerbaijan collected premiums in the amount of 132.82 million manats (an increase of 2.05 percent over a year), payments in the same period amounted to 33.12 million manats (a decrease of 18.21 percent over a year).
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