BAKU, Azerbaijan, Oct. 27
By Fidan Babayeva – Trend:
The Central Bank of Azerbaijan (CBA) has published a report on fees in the insurance market of Azerbaijan for the first nine months of 2020, Trend reports citing the CBA.
According to the report, Azerbaijani insurance companies collected more than 576.2 million manat ($338.9 million) of insurance premiums from January through September 2020, which is 12.4 percent more compared to the same period of 2019.
Below is an overview of fees among domestic insurers:
|
№ |
Insurance companies |
Insurance fees |
|
1 |
PASHA Life Insurance |
194 million manat ($114.1 million) |
|
2 |
PASHA Insurance |
134.7 million manat ($79.2 million) |
|
3 |
State Commercial Insurance Company (Azersigorta) |
44.3 million manat ($26 million) |
|
4 |
Ateshgah Life |
31.2 million manat ($18.3 million) |
|
5 |
Mega Insurance |
25.6 million manat ($15 million) |
|
6 |
Gala Insurance |
24.6 million manat ($14.4 million) |
|
7 |
Xalq Insurance |
21.7 million manat ($12.7 million) |
|
8 |
Ateshgah |
18.7 million manat ($11 million) |
|
9 |
Silk Way Insurance |
16.5 million manat ($9.7 million) |
|
10 |
Azsigorta |
12.9 million manat ($7.58 million) |
|
11 |
Gala Life |
11.9 million manat ($7 million) |
|
12 |
AtaSigorta |
10.4 million manat ($6.11 million) |
|
13 |
A-Group |
7.59 million manat ($4.46 million) |
|
14 |
Azerbaijan Industry Insurance |
7.35 million manat ($4.32 million) |
|
15 |
Gunay Sigorta |
6.62 million manat ($3.89 million) |
|
16 |
Xalq Life |
2.17 million manat ($1.27 million) |
|
17 |
Amrah Sigorta |
1.88 million manat ($1.05 million) |
|
18 |
Ravan Sigorta |
1.07 million manat ($629,411) |
|
19 |
Baku Sigorta |
1.26 million manat ($741,176) |
|
20 |
Nakhchivan Sigorta |
1.03 million manat ($605,882) |
|
21 |
AXA MBASK |
5,000 manat ($2,941) |
|
TOTAL |
576.2 million manat ($338.9 million) |
|
Currently, 21 insurance companies and one reinsurance company operate in Azerbaijan.
(1 USD = 1.7 manat on Oct. 27)
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