BAKU, Azerbaijan, June 4
By Yusif Aghayev – Trend:
The data on payments in the Azerbaijani insurance market for April 2020 has been disclosed, Trend reports referring to a report published by the Central Bank of Azerbaijan.
According to the report, the Azerbaijani insurance companies paid the insurance claims worth 28.5 million manat ($16.8 million) in April 2020.
The amount of the paid insurance claims was by 8.08 million manat ($4.7 million) more than in April 2019, which is 39.6 percent more compared to April 2019.
The review on payments among domestic insurance companies is as follows:
|
# |
Insurance company |
April 2020 |
|
1 |
Pasha Hayat Sigorta |
7.6 million manat ($4.5 million) |
|
2 |
Ateshgah Hayat |
6.3 million manat ($3.7 million) |
|
3 |
Pasha Sigorta |
5.7 million manat ($3.3 million) |
|
4 |
Xalq Sigorta |
1.7 million manat ($1 million) |
|
5 |
Azerbaijani State Insurance Commercial Company |
1.3 million manat ($764,705) |
|
6 |
Ipek Yolu Sigorta company |
1.3 million manat ($764,705) |
|
7 |
Ateshgah |
1.2 million manat ($705,882) |
|
8 |
A-Group insurance company |
822,000 manat ($483,529) |
|
9 |
AtaSigorta |
659,000 manat ($387,647) |
|
10 |
Standard Insurance |
643,000 manat($378,235) |
|
11 |
AZSIGORTA |
424,000 manat ($249,411) |
|
12 |
Meqa Sigorta |
269,000 manat ($158,235) |
|
13 |
Gunay Sigorta |
194,000 manat ($114,117) |
|
14 |
Qala Sigorta |
170,000 manat ($100,000) |
|
15 |
Azerbaijan Industrial Insurance Company |
64,000 manat ($37,647) |
|
16 |
Amrah Sigorta |
49,000 manat ($28,823) |
|
17 |
Revan Sigorta |
27,000 manat ($15,882) |
|
18 |
Qala Hayat Sigorta |
15,000 manat ($8,823) |
|
19 |
AXA MBASK |
14,000 manat ($8,235) |
|
20 |
Baku Sigorta |
6,000 manat ($3,529) |
|
21 |
Xalq Hayat Sigorta |
- |
|
22 |
Nakhchivansigorta |
- |
|
Total: |
28.5 million manat ($16.8 million) |
Some 46 percent of all payments made in April 2020 in the Azerbaijani insurance market accounted for Pasha Sigorta and Pasha Hayat Sigorta insurance companies.
The license of Standard Insurance company was canceled in May 2020.
Today, 21 insurance companies and one reinsurance company operate in Azerbaijan.
(1 USD = 1.7 AZN on June 4)
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