BAKU, Azerbaijan, Oct. 6
By Zeyni Jafarov – Trend:
Azerbaijani insurance companies paid about 262.9 million manat ($154.6 million) of insurance claims from January through August 2020, which is 49.9 percent more compared to the same period of 2019, Trend reports referring to the published report of the Central Bank of Azerbaijan (CBA).
In monetary terms, the insurance claims paid during the mentioned period rose by 87.5 million manat compared to the same period of 2019, which shows an increase of 49.9 percent.
Below is an overview of payments among domestic insurance companies:
|
№ |
Insurance companies |
Insurance payments |
|
1 |
PASHA Life |
135.6 million ($79.6 million) |
|
2 |
PASHA Insurance |
38.6 million ($22.7 million) |
|
3 |
Ateshgah Insurance |
26.1 million ($15.3 million) |
|
4 |
Xalq Insurance |
10.6 million ($6.23 million) |
|
5 |
Ateshgah |
10.2 million($6 million) |
|
6 |
State Commercial Insurance Company (Azersigorta) |
8.93 million ($5.25 million) |
|
7 |
Ata Sıgorta |
5.96 million ($3.5 million) |
|
8 |
A-Group |
5.42 million ($3.18 million) |
|
9 |
Azsigorta |
3.66 million ($2.15 million) |
|
10 |
Mega Sigorta |
2.85 million ($1.67 million) |
|
11 |
Gala Sigorta |
2.17 million ($1.27 million) |
|
12 |
Silk Way Insurance |
2.12 million ($1.24 million) |
|
13 |
Gala Hayat |
1.82 million ($1.07 million) |
|
14 |
Gunay Sigorta |
1.55 million ($911,764) |
|
15 |
Azerbaijan Industry Insurance OJSC |
1.25 million ($735,294) |
|
16 |
Amrah Sigorta |
555,000 ($326,470) |
|
17 |
AXA MBASK |
494,000 ($290,588) |
|
18 |
Ravan Sigorta |
268,000 ($157,647) |
|
19 |
Baku Sigorta |
185,000 ($108,823) |
|
20 |
Nakhchivan Sigorta OJSC |
10,000 ($5,882) |
|
21 |
Xalq Life Insurance Company OJSC |
- |
|
TOTAL: |
262.9 million ($154.6 million) |
|
Currently, 21 insurance companies and one reinsurance company operate in Azerbaijan.
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