BAKU, Azerbaijan, Jan. 29
By Zeyni Jafarov – Trend:
The data on payments in the insurance market of Azerbaijan for 2020 has been published, Trend reports citing a report of the Central Bank of Azerbaijan (CBA).
According to the report, in the past year, Azerbaijani insurance companies have paid over 465 million manat ($273.6 million) of insurance premiums. The amount of paid insurance premiums is 54.3 percent more than in 2019.
The review of payments among domestic insurance companies is as follows:
|
No |
Insurance company |
Insurance fees |
|
1 |
PASHA Life |
222.97 million manat ($131.16 million) |
|
2 |
PASHA Insurance |
71.45 million manat ($42 million) |
|
3 |
Ateshgah Life |
55.97 million manat ($32.9 million) |
|
4 |
State Insurance Commercial Company |
33.35 million manat ($19.6 million) |
|
5 |
Xalq Sigorta |
17.6 million manat ($10.35 million) |
|
6 |
Ateshgah |
14.3 million manat ($8.4 million) |
|
7 |
AtaSigorta |
8.7 million manat ($5.1 million) |
|
8 |
A-Group |
8.47 million manat ($4.98 million) |
|
9 |
Azsigorta |
5.95 million manat ($3.5 million) |
|
10 |
Meqa Sigorta |
4.86 million manat ($2.86 million) |
|
11 |
Gala Life |
4 million manat ($2.3 million) |
|
12 |
Gala Insurance |
3.36 million manat ($1.98 million) |
|
13 |
Ipek Yolu Sigorta |
2.59 million manat ($1.52 million) |
|
14 |
Gunay Sigorta |
2.4 million manat ($1.4 million) |
|
15 |
Azerbaijan Industrial Insurance Company |
2.1 million manat ($1.2 million) |
|
16 |
Amrah Sigorta |
877,000 manat ($515,880) |
|
17 |
AXA MBASK |
628,000 manat ($369,410) |
|
18 |
Baku Sigorta |
371,000 manat ($218,240) |
|
19 |
Ravan Sigorta |
332,000 manat ($195,290) |
|
20 |
Nakhchivansigorta |
49,000 manat ($28,820) |
|
21 |
Xalq Hayat |
- |
|
Total: |
465.15 million manat ($273.6 million) |
Currently, 20 insurance companies and one reinsurance company operate in Azerbaijan.
(1 USD = 1.7 AZN on Jan.29)
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