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Data on payments in Azerbaijani insurance market for 1H2020 disclosed

Finance Materials 24 July 2020 20:17
Data on payments in Azerbaijani insurance market for 1H2020 disclosed

BAKU, Azerbaijan, July 24

By Fidan Babayeva – Trend:

The data on payments 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 paid the insurance claims worth 184.8 million manat ($108.7 million) from January through June 2020.

The amount of the paid insurance claims from January through June 2020 is by 43.02 million manat ($25.3 million) more than during the first six months of 2019, which is an increase of 45.9 percent compared to the same period of 2019.

The review on payments among domestic insurance companies is mentioned below:

#

Insurance company

Insurance claims

1

"Pasha Hayat Sigorta"

91.6 million manat ($53.9 million)

2

"Pasha Sigorta"

31.6 million manat ($18.6 million)

3

"Ateshgah Hayat"

16.2 million manat ($9.5 million)

4

"Xalq Sigorta"

8.2 million manat ($4.8 million)

5

"Ateshgah"

7.9 million manat ($4.6 million)

6

Azerbaijani state commercial insurance company

6.9 million manat ($4.05 million)

7

"AtaSigorta"

4.8 million manat ($2.8 million)

8

"A-Group"

4.3 million manat ($2.5 million)

9

"AZSIGORTA"

2.7 million manat ($1.6 million)

10

"Meqa Sigorta"

2.2 million manat ($1.3 million)

11

"Ipek Yolu Sigorta"

1.9 million manat ($1.1 million)

12

"Qala Hayat"

1.6 million manat ($9,412)

13

"Qala Sigorta"

1.5 million manat ($8,824)

14

"Gunay Sigorta"

1.1 million manat ($6,471)

15

"Azerbaijan Industrial Insurance Company"

939,000 manat ($552,352)

16

"Amrah Sigorta"

401,000 manat ($235,882)

17

"AXA MBASK"

415,000 manat ($244,117)

18

"Revan Sigorta"

235,000 manat ($138,235)

19

"Baku Sigorta"

120,000 manat ($70,588)

20

"Xalq Hayat"

-

21

"NakhchivanSigorta"

-

Total:

184.8 million manat ($108.7 million)

Some 21 insurance companies and one reinsurance company operate in Azerbaijan today.

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Follow the author on Twitter: Fidan_Babaeva

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