BAKU, Azerbaijan, Jan. 4
By Zeyni Jafarov – Trend:
The data on payments in the insurance market of Azerbaijan for January-November 2020 has been published, Trend reports citing a report of the Central Bank of Azerbaijan (CBA).
According to the report, in the reporting period, Azerbaijani insurance companies have paid about 392 million manat ($230.5 million) of insurance premiums. The amount of paid insurance premiums is 55.2 percent more than in the same period of 2019.
The review of fees among domestic insurance companies is as follows:
|
# |
Insurance company |
Insurance fees |
|
1 |
PASHA Life |
195.7 million manat ($115.7 million) |
|
2 |
PASHA Insurance |
58.9 million manat ($34.6 million) |
|
3 |
State Insurance Commercial Company |
48.7 million manat ($28.6 million) |
|
4 |
Ateshgah Life |
15.7 million manat ($9.23 million) |
|
5 |
Xalq Sigorta |
14.8 million manat ($8.7 million) |
|
6 |
Meqa Sigorta |
13.3 million manat ($7.82 million) |
|
7 |
Gala Insurance |
7.93 million manat ($4.66 million) |
|
8 |
Ateshgah |
7.64 million manat ($4.49 million) |
|
9 |
Ipek Yolu Sigorta |
5.44 million manat ($3.2 million) |
|
10 |
Gala Life |
4.28 million manat ($2.51 million) |
|
11 |
Azsigorta |
2.9 million manat ($1.7 million) |
|
12 |
AtaSigorta |
2.52 million manat ($1.48 million) |
|
13 |
A-Group |
2.57 million manat ($1.51 million) |
|
14 |
Azerbaijan Industrial Insurance Company |
2.23 million manat ($1.31 million) |
|
15 |
Gunay Sigorta |
1.83 million manat ($1.07 million) |
|
16 |
Xalq Hayat |
809,000 manat ($475,882) |
|
17 |
Amrah Sigorta |
627,000 manat ($368,823) |
|
18 |
Baku Sigorta |
319,000 manat ($187,647) |
|
19 |
Nakhchivansigorta |
347,000 manat ($204,117) |
|
20 |
Ravan Sigorta |
33,000 manat ($19,411) |
|
21 |
AXA MBASK |
- |
|
Total: |
391.4 million manat ($230.2 million) |
Currently, 21 insurance companies and one reinsurance company operate in Azerbaijan.
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