BAKU, Azerbaijan, Oct. 27
By Fidan Babayeva – Trend:
The data on payments in the insurance market of Azerbaijan in the first nine months of 2020 have been published, Trend reports citing the published report of the Central Bank of Azerbaijan (CBA).
According to the report, Azerbaijani insurance companies paid over 303.1 million manat ($178.2 million) of insurance claims during the reporting period, which is 52.7 percent more compared to the same period of 2019.
Below is an overview of payments among domestic insurance companies:
|
№ |
Insurance companies |
Insurance payments |
|
1 |
PASHA Life Insurance |
153.3 million manat ($90.1 million) |
|
2 |
PASHA Sigorta |
52.8 million manat ($31 million) |
|
3 |
Ateshgah Life |
30.6 million manat ($18 million) |
|
4 |
Xalq Sigorta |
12.4 million manat ($7.29 million) |
|
5 |
Ateshgah |
11.3 million manat ($6.64 million) |
|
6 |
State Commercial Insurance Company (Azersigorta) |
10.3 million manat ($6.05 million) |
|
7 |
AtaSigorta |
6.62 million manat ($3.89 million) |
|
8 |
A-Group |
6.1 million manat ($3.58 million) |
|
9 |
Azsigorta |
4.53 million manat ($2.66 million) |
|
10 |
Mega Insurance |
3.35 million manat ($1.97 million) |
|
11 |
Gala Insurance |
2.48 million manat ($1.45 million) |
|
12 |
Silk Way Insurance |
2.12 million manat ($1.24 million) |
|
13 |
Gala Life |
1.93 million manat ($1.13 million) |
|
14 |
Gunay Sigorta |
1.74 million manat ($1.02 million) |
|
15 |
Azerbaijan Industry Insurance |
1.39 million manat ($817,647) |
|
16 |
Amrah Sigorta |
674,000 manat ($396,470) |
|
17 |
AXA MBASK |
612,000 manat ($360,000) |
|
18 |
Ravan Sigorta |
283,000 manat ($166,470) |
|
19 |
Baku Sigorta |
211,000 manat ($124,117) |
|
20 |
Nakhchivan Sigorta OJSC |
12,000 manat ($7,058) |
|
21 |
Xalq Life Insurance Company OJSC |
- |
|
TOTAL: |
303.1 million manat ($178.2 million) |
|
Currently, 21 insurance companies and one reinsurance company operate in Azerbaijan.
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Follow the author on Twitter: @Fidan_Babaeva