TOP 10 Azerbaijan’s insurance companies in terms of fees

BAKU, Azerbaijan, Oct. 29

By Eldar Janashvili - Trend:

From January through September 2019, the fees of top ten Azerbaijan’s insurance companies amounted to about 469.7 million manat ($276.3 million, or 90 percent of the total amount of insurance fees), Trend reports referring to Azerbaijan’s Financial Market Supervisory Authority (FIMSA).

During the reporting period, the ranking in terms of the volume of insurance fees was led by PASHA Life insurance company, which accounted for 31.5 percent of the fees. The company collected fees in the amount of 164.4 million manat ($96.731 million) from January through September 2019.

PASHA Insurance company with a total amount of fees worth nearly 119 million manat (nearly $70 million, or about 22.8 percent of all fees) ranked second, while AzerInsurance ranked third with fees worth nearly 42 million manat (nearly $25 million, or 8 percent).

From January through September 2019, insurance companies operating in Azerbaijan collected premiums worth 522.5 million manat ($307.3 million, or a decline of 8 percent for the year), payments for the same period amounted to 201.7 million manat (nearly $119 million, or an increase of 7.9 percent for the year).

The results of the activity of insurance companies from January through September 2019 have been announced by the FIMSA.

Insurance companies

Fees in the period from January to September 2019, in million manat

Fees in the period from January to September 2018, in million manat

Share in volume of fees on market in the period from January to September 2019 (%)

Share in volume of fees on market in the period from January to September 2018 (%)

Ranking in the period from January to September 2019

Ranking in the period from January to September 2018

PASHA Life

164.442

209.227

31.5

36.8

1

1

PASHA Insurance

118.961

108.243

22.8

19

2

2

AzerInsurance

41.921

39.157

8

6.9

3

4

Ateshgah Life

28.628

41.414

5.5

7.3

4

3

Ateshgah

27.877

28.577

5.3

5

5

5

Xalg Sigorta

19.437

5.693

3.7

1

6

15

Mega Insurance

18.988

22.139

3.6

3.9

7

6

Qala Insurance

18.206

11.652

3.6

2

8

12

Ipek Yolu

17.480

15.686

3.3

2.8

9

8

Ata Insurance

13.723

16.299

2.6

2.9

10

7

TOTAL

469.663

498.087

90

87.6

-

-

($1= 1.7 manat on Oct. 29)

---

Follow the author on Twitter: @eldarjanashvili

New tourist centers to appear in all municipalities of Georgia
New tourist centers to appear in all municipalities of Georgia
All Georgian cities to have round-the-clock water supply in 2025
All Georgian cities to have round-the-clock water supply in 2025
Georgia expects high rates of economic growth
Georgia expects high rates of economic growth
Loading Bars
Latest
New tourist centers to appear in all municipalities of Georgia
Georgia systematically implements rural and agricultural development policy - PM
All Georgian cities to have round-the-clock water supply in 2025
Georgia expects high rates of economic growth
Georgia begins new stage of state support for business
MasterCard plans to increase Azerbaijan's non-cash turnover in 2021
Iran's new government needs to reform policies in auto sector - analyst
Uzbekistan, UK eye establishing co-op in electricity sector
President Aliyev signs law on execution of Azerbaijani state budget for 2020
Sustainable Development Center in Moscow discloses main rivals for electric cars
Kyrgyzstan receives medical supplies from Khakassia
Uzbekistan notes increase in price for car fuel
Georgia takes active steps in developing its transit and logistics potential
Nominations for gas flows at TAP’s interconnections
Azerbaijani pavilion at Expo 2020 world exhibition in Dubai (PHOTO)
U.S. agency clears way to rename Las Vegas airport
UAE announces 2,223 new COVID-19 cases, 2,177 recoveries
President of Kyrgyzstan to pay official visit to Turkmenistan
Russia allows import of tomatoes, peppers import from Uzbekistan’s Fergana region
EU to look for formats for dialogue with Russia - Angela Merkel
High probability of COVID-19 Indian strain entering Azerbaijan - TABIB
Kazakhstan's petroleum oil export to Greece jumps
Volume of problem loans increases in Azerbaijan
Uzbekistan decides to strengthen quarantine restrictions
Georgian Agriculture Ministry reveals import-export data with Turkmenistan
Denmark decreases import of Kazakh-made goods
Azerbaijan announces number of citizens vaccinated on June 25
Ministry discloses volume of chemical products imported by US from Turkey
Prospects for production of granular building materials discussed in Azerbaijan
Azerbaijan confirms 65 more COVID-19 cases, 89 recoveries
EDB organizes sovereign bonds placement of Kazakh Finance Ministry
Azerbaijan sees decrease in population's bank deposits
Eurasian Development Bank to support Kazakh state program for affordable housing
Turkmenistan building first private storage for agricultural products in Dashoguz
Uzbekistan reducing dependence on natural resources
Review of Georgia's exports to China from January through May 2021
Numerous investment projects to be implemented in Kazakhstan’s business center
Azerbaijan discloses gas production volumes at ACG and Shah Deniz
Azerbaijan unveils 5M2021 data on oil, condensate exports
Israel requires masks indoors again as Delta variant drives up cases
Exports of Turkish cars to France surge
Russia ready to rebuild relations with EU as much as Europe itself is — Kremlin
Consul General of Iran in Kazakhstan outlines local investment opportunities
Iran eyes to export technical engineering services to Kazakhstan
Berkshire Hathaway appears to buy back more stock
Chamber of Commerce talks Iran-Kazakhstan maritime trade
Number of vaccinated citizens in Uzbekistan passes 3 million
Uzbek-Korean JV opens tender to purchase spares for electrical products
Uzbek-Russian Natural Gas-Stream Company developing deposits managed by Uzbekneftegaz
COVID-19 kills 115 more Iranians over past 24 hours
Geostat reveals volume of Russian exports to Georgia
Georgia shares data on main export products to Russia
Geostat reveals data on China's exports to Georgia
Turkey discloses volume of cargo transshipped through Gulluk port
Fitch issues first-time Long-Term Issuer Default Rating to Georgia's Telasi
Turkmenistan starts processing silkworm cocoons of new harvest in Lebap region
Azerbaijani FM exchanges views with colleagues from Austria, Lithuania, Romania in Baku
Volume of grains and legumes imported by Turkmenistan from Turkey disclosed
Turkmenistan’s new airport receives int'l certificate of compliance
Hydrogen compressor market to see growth, as demand for energy & power rising
Azerbaijani president received FMs of Romania, Austria, Lithuania, EU delegation (PHOTO/VIDEO)
14 Armenian terrorists facing 14 years to life in prison in Azerbaijan (PHOTO)
Russia reports 20,393 daily COVID-19 cases
Ministry discloses volume of chemicals transshipped through Turkish ports
Azerbaijan unveils 5M2021 volume of oil production from ACG, Shah Deniz fields
Volume of Azerbaijani oil export to Turkey disclosed
Cement product sales at Uzbek commodity exchange increase
Enter Engineering, Russian Uralmash to build processing plant in Uzbekistan
Demand for granular building materials grows in Azerbaijan
License of Capital Bank Kazakhstan revoked
Azerbaijani people to mark Armed Forces Day with joy and pride - Parliament speaker
Germany increases import of Turkish-made chemicals
Uzbek-Korean JV opens tender for spares for oil seals
Russia’s Tatneft in Turkmenistan opens tender for connection of utility room
KAZAKH INVEST to share agri-food investment projects with IFPA
Uzbekistan to increase number of flights on Tashkent–Fergana-Tashkent route
Turkmenistan ready for further close co-op with Japanese enterprises
Azerbaijani unveils 5M2021 data on oil exports to Ukraine
Azerbaijan names judoka who will bear national team's banner at Tokyo 2020 Olympics
Azerbaijan's Parliament adopts new draft law on energy efficiency
Ukraine ready to partake in restoration of Azerbaijan's liberated lands
Lebanon caretaker PM approves financing fuel imports at weaker exchange rate
71.2% of population in Kyrgyzstan has antibodies to COVID-19
Kazakhstan’s freight transportation operator opens tender for filters repair
Date of elections to local self-government bodies in Georgia announced
Salaries of military personnel serving in Azerbaijan's liberated lands raised - presidential order
Azerbaijan shows footage from Shahvelli village of Jabrayil district (VIDEO)
Kazakhstan’s Almaty Power Stations JSC opens tender for buy measuring equipment
Uzbekistan reveals COVID-19 data for June 25
Azerbaijan publishes latest prices for its oil
Cloud data warehouse co Firebolt raises $127m
Kazakhstan increases trade with Sweden amid COVID-19
BlackBerry first-quarter revenue beats expectations, shares rise
Nike forecast for online sales boom, post-lockdown demand drives shares up 13%
WB, IFC working with Azerbaijan in designing well-functioning wholesale, retail electricity market
Covid-19: INS Shardul brings medical oxygen supplies from Gulf to Mumbai port
India again urges OPEC to phase out oil output cuts
India cuts Middle East oil imports as it seeks to diversify energy sources
Karwar Naval Base will become Asia's largest: Defence Minister Rajnath Singh
Global electronics firms Foxconn, Flex, Jabil, Sanmina among 29 register under telecom PLI
All news