BAKU, Azerbaijan, Feb.25
By Zeyni Jafarov – Trend:
The Central Bank of Azerbaijan (CBA) published data on revenues of Azerbaijani insurance companies for January 2021, Trend reports referring to the CBA’s report.
According to the report, in the reporting month, the companies have collected over 104 million manat ($61.18 million) of insurance premiums. The amount of collected insurance premiums is 7.2 percent less than in January 2020.
The review of revenues among domestic insurance companies is as follows:
|
No |
Insurance company |
Revenues from premiums |
|
1 |
PASHA Insurance |
51.2 million manat ($30.1 million) |
|
2 |
PASHA Life |
16.4 million manat ($9.6 million) |
|
3 |
Ipek Yolu Sigorta |
6.1 million manat ($3.6 million) |
|
4 |
Gala Insurance |
5.8 million manat ($24.4 million) |
|
5 |
Ateshgah |
3.2 million manat ($1.88 million) |
|
6 |
Mega Sigorta |
3.18 million manat ($1.87 million) |
|
7 |
Xalq Sigorta |
3.14 million manat ($1.85 million) |
|
8 |
Ateshgah Life |
3.07 million manat ($1.8 million) |
|
9 |
State Insurance Commercial Company |
2.5 million manat ($1.4 million) |
|
10 |
Azerbaijan Industrial Insurance Company |
1.9 million manat ($1.1 million) |
|
11 |
A-Group |
1.68 million manat ($990,000) |
|
12 |
Azsigorta |
1.63 million manat ($960,000) |
|
13 |
AtaSigorta |
1.4 million manat ($820,000) |
|
14 |
Gunay Sigorta |
871,000 manat ($512,350) |
|
15 |
Gala Life |
794,000 manat ($467,060) |
|
16 |
Xalq Hayat |
360,000 manat ($211,760) |
|
17 |
Baku Sigorta |
164,000 manat ($96,470) |
|
18 |
Nakhchivansigorta |
123,000 manat ($72,350) |
|
19 |
Agrar Sigorta |
14,000 manat ($8,240) |
|
20 |
Ravan Sigorta |
- |
|
Total: |
104 million manat ($61.18 million) |
Currently, 20 insurance companies and one reinsurance company operate in Azerbaijan. The licenses of three previously operating Azerbaijani insurance companies (Standard Insurance, Amrah Sigorta, and AXA MBASK) were revoked.
(1 USD = 1.7 AZN on Feb.25)
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