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Payments of Azerbaijani insurance companies double

Finance Materials 25 February 2021 15:52
Payments of Azerbaijani insurance companies double

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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Follow the author on Twitter: @jafarov_zeyni

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