BAKU, Azerbaijan, Dec.3
By Zeyni Jafarov – Trend:
Azerbaijani insurers paid over 345.1 million manat ($203.1 million) of insurance claims from January through October 2020, Trend reports referring to the published report of the Central Bank of Azerbaijan (CBA).
According to the report, the figure means the growth of 53.1 percent compared to the first 10 months of last year.
Below is an overview of payments among domestic insurance companies:
|
№ |
Insurance companies |
Insurance claims |
|
1 |
PASHA Life Insurance |
175.5 million manat ($103.3 million) |
|
2 |
PASHA Sigorta |
55.8 million manat ($32.8 million) |
|
3 |
Ateshgah Life |
39.9 million manat ($23.48 million) |
|
4 |
Xalq Sigorta |
14.1 million manat ($8.3 million) |
|
5 |
Ateshgah |
12.3 million manat ($7.24 million) |
|
6 |
State Commercial Insurance Company (Azersigorta) |
11.5 million manat ($6.7 million) |
|
7 |
AtaSigorta |
7.3 million manat ($4.3 million) |
|
8 |
A-Group |
6.9 million manat ($4 million) |
|
9 |
Azsigorta |
4.9 million manat ($2.88 million) |
|
10 |
Mega Insurance |
3.7 million manat ($2.18 million) |
|
11 |
Gala Insurance |
2.7 million manat ($1.6 million) |
|
12 |
Silk Way Insurance |
2.4 million manat ($1.4 million) |
|
13 |
Gala Life |
2.1 million manat ($1.2 million) |
|
14 |
Gunay Sigorta |
2 million manat ($1.18 million) |
|
15 |
Azerbaijan Industry Insurance |
1.6 million manat ($940,000) |
|
16 |
Amrah Sigorta |
749,000 manat ($440,850) |
|
17 |
AXA MBASK |
627,000 manat ($369,040) |
|
18 |
Ravan Sigorta |
308,000 manat ($181,280) |
|
19 |
Baku Sigorta |
313,000 manat ($184,230) |
|
20 |
Nakhchivan Sigorta OJSC |
22,000 manat ($12,950) |
|
21 |
Xalq Life Insurance Company OJSC |
- |
|
TOTAL: |
345.1 million manat ($203.1 million) |
|
Currently, 21 insurance companies and one reinsurance company operate in Azerbaijan.
(1 USD = 1.7 manat on Dec.3)
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