BAKU, Azerbaijan, July 24
By Fidan Babayeva – Trend:
The data on fees in the Azerbaijani insurance market from January through June 2020 have been disclosed, Trend reports referring to the published report of the Central Bank of Azerbaijan.
In accordance with the report, Azerbaijani insurance companies collected the premiums worth 400.9 million manat ($235.8 million) from January through June 2020.
The amount of the collected premiums from January through June 2020 is by 39.6 million manat ($23.3 million), or approximately 10.9 percent, more than in the same period of 2019.
The review of fees among domestic insurance companies is mentioned below:
|
# |
Insurance company |
Insurance fees |
|
1 |
"Pasha Hayat Sigorta" |
132.8 million manat ($78.1 million) |
|
2 |
"Pasha Sigorta" |
100.2 million manat ($58.9 million) |
|
3 |
State Commercial Insurance Company |
39.5 million manat ($23.2 million) |
|
4 |
"Ateshgah Hayat" |
21.2 million manat ($12.5 million) |
|
5 |
"Qala Sigorta" |
19.08 million manat ($11.2 million) |
|
6 |
"Xalq Sigorta" |
13.3 million manat ($7.8 million) |
|
7 |
"Meqa Sigorta" |
13.1 million manat ($7.7 million) |
|
8 |
"Ateshgah" |
12.3 million manat ($7.2 million) |
|
9 |
"Ipek Yolu Sigorta" |
9.4 million manat ($5.5 million) |
|
10 |
"AtaSigorta" |
7.3 million manat ($4.3 million) |
|
11 |
"AZSIGORTA" |
6.5 million manat ($3.8 million) |
|
12 |
"Qala Hayat" |
6.2 million manat ($3.6 million) |
|
13 |
"A-Group" |
5.6 million manat ($3.3 million) |
|
14 |
Azerbaijan Industrial Insurance Company |
5.2 million manat ($3.05 million) |
|
15 |
"Gunay Sigorta" |
4.2 million manat ($2.5 million) |
|
16 |
Xalq Hayat" |
1.3 million manat ($764,705) |
|
17 |
"Amrah Sigorta" |
1.2 million manat ($705,882) |
|
18 |
"Revan Sigorta" |
1.07 million manat ($629,411) |
|
19 |
"Baku Sigorta" |
729,000 manat ($428,823) |
|
20 |
"NakhchivanSigorta" |
624,000 manat ($367,058) |
|
21 |
"AXA MBASK" |
5,000 manat ($2,941) |
|
Total: |
400.9 million manat ($235.8 million) |
|
Some 21 insurance companies and one reinsurance company operate in Azerbaijan today.