BAKU, Azerbaijan, Feb. 25
By Zeyni Jafarov - Trend:
The data on payments in the Azerbaijani insurance market for January 2021 have been published, Trend reports on Feb. 25, citing a report from the Central Bank of Azerbaijan (CBA).
In accordance with the report, Azerbaijani insurance companies paid insurance premiums worth over 56.8 million manat ($33.4 million) in January 2021, which is 2.1 times more than in January 2020.
The review of payments among domestic insurance companies is as follows:
|
# |
Insurance company |
Insurance payment |
|
(manat) |
||
|
1 |
"Pasha Hayat Sigorta" |
24.8 million manat ($14.6 million) |
|
2 |
Azerbaijani state commercial insurance company |
15.5 million manat ($9.1 million) |
|
3 |
"Pasha Sigorta" |
7.5 million manat ($4.4 million) |
|
4 |
"Ateshgah Hayat" |
3.6 million manat ($2.1 million) |
|
5 |
"Xalq Sigorta" |
1.5 million manat ($882,352) |
|
6 |
"Ateshgah" |
862,000 manat ($507,058) |
|
7 |
"A-Qroup" |
698,000 manat ($410,588) |
|
8 |
"AtaSigorta" |
575,000 manat ($338,235) |
|
9 |
"AZSIGORTA" |
326,000 manat ($191,764) |
|
10 |
"Qala Sigorta" |
298,000 manat ($175,294) |
|
11 |
"Gunay Sigorta" |
289,000 manat ($170,000) |
|
12 |
"Meqa Sigorta" |
271,000 manat ($159,411) |
|
13 |
"Qala Hayat" |
226,000 manat ($132,941) |
|
14 |
"Azerbaycan Senaye Sigorta" |
214,000 manat ($125,882) |
|
15 |
"Xalq Hayat" Sigorta Sirketi |
73,000 manat ($42,941) |
|
16 |
"Baku Sigorta" |
27,000 manat ($15,882) |
|
17 |
"Nakhchivansigorta" |
24,000 manat ($14,117) |
|
18 |
"Revan Sigorta" |
9,000 manat ($5,294) |
|
19 |
"Ipek Yolu Sigorta" |
1,000 manat ($588) |
|
20 |
"Aqrar Sigorta" |
- |
|
Total: |
56.8 million manat ($33.4 million) |
Today there are 20 insurance companies and one reinsurance company in Azerbaijan. Earlier, the licenses of three insurance companies ("Amrah Sigorta", "AXA MBASK", "Standard Insurance") were canceled.
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