Baku, Azerbaijan, Aug. 29
By Kamala Mammadli - Trend:
In January-July 2019, payments of ten leading insurance companies of Azerbaijan amounted to 143 million manats (92.47 percent of the total insurance payments).
The ranking is headed by Pasha Life. Some 34 percent of the reimbursements paid by all companies during the reporting period accounted for this company. In January-July 2019, this company made payments of 52.719 million manats.
Pasha Insurance with total payments of 25.83 million manats (about 16.7 percent of all payments) ranked second, while Ateshgah with total payments amounting to 11.904 million manats (7.7 percent of all payments) ranked third.
In January-July 2019, Azerbaijani insurance companies collected premiums in the amount of 422.931 million manats (a decrease of almost 8.72 percent for the year), payments in the same period amounted to 154.631 million manats (a growth of 8.6 percent for the year).
The results of the activity of insurance companies in January-July 2019 have been announced by the Azerbaijan Financial Market Supervisory Authority.
Insurance companies |
Payments in January-July 2019, million manats |
Payments in January-July 2018, million manats |
Share of payments in the market in January-July 2019, % |
Share of payments in the market in January-July 2018, % |
Ranking in January-July 2019 |
Ranking in January-July 2018 |
PASHA Life |
52.729 |
42.982 |
34 |
29.4 |
1 |
2 |
PASHA Insurance |
25.831 |
29.759 |
16.7 |
20.3 |
2 |
1 |
Ateshgah |
11.904 |
11.635 |
7.7 |
7.97 |
3 |
3 |
AtaInsurance |
8.63 |
4.973 |
5.6 |
0.34 |
4 |
8 |
AzerInsurance |
8.48 |
9.115 |
5.5 |
6.24 |
5 |
6 |
Xalg Sigorta |
8.181 |
1.838 |
5.3 |
0.12 |
6 |
14 |
Ateshgah Life |
7.858 |
11.244 |
5.08 |
7.7 |
7 |
4 |
Ipek Yolu |
5.74 |
920.2 |
3.7 |
0.63 |
8 |
15 |
A-Group |
4.769 |
4.506 |
3.08 |
3.08 |
9 |
10 |
Qala Life |
4.422 |
10.46 |
2.9 |
7.17 |
10 |
5 |
Total |
143.000 |
127.436 |
89.56 |
82.95 |
- |
- |
(1 USD = 1.7 AZN on Aug. 29)
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