BAKU, Azerbaijan, March 30
By Zeyni Jafarov - Trend:
The data on fees in the Azerbaijani insurance market as of late February 2021 were disclosed, Trend reports on March 30 citing a report of the Central Bank of Azerbaijan.
In accordance with the report, Azerbaijani insurance companies collected premiums worth over 160.4 million manat ($94.3 million) during the first two months of 2021, which is by 15.9 percent less than in the same period of 2020.
The review of fees among domestic insurance companies is as follows:
|
# |
Insurance company |
Insurance fees |
|
1 |
"Pasha Sigorta" |
65.8 million manat ($38.7 million) |
|
2 |
"Pasha Hayat Sigorta" |
35.5 million manat ($20.9 million) |
|
3 |
"Qala Sigorta" |
10.4 million manat ($6.1 million) |
|
4 |
"Ateshgah Hayat" |
7.5 million manat ($4.4 million) |
|
5 |
"İpek Yolu Sigorta" |
6.2 million manat ($3.6 million) |
|
6 |
State commercial insurance company |
5.4 million manat ($3.2 million) |
|
7 |
"Atesgah" |
5.06 million manat ($2.9 million) |
|
8 |
"Xalq Sigorta" |
4.9 million manat ($2.8 million) |
|
9 |
"Meqa Sigorta" |
3.8 million manat ($2.2 million) |
|
10 |
"Azerbaijan Industrial Insurance Company" |
3.003 million manat ($1.8 million) |
|
11 |
"AZSIGORTA" |
2.6 million manat ($1.5 million) |
|
12 |
"AtaSigorta" |
2.5 million manat ($1.4 million) |
|
13 |
"Qala Hayat" |
2.3 million manat ($1.3 million) |
|
14 |
"A-Qroup" |
2.1 million manat ($1.2 million) |
|
15 |
"Gunay Sigorta" |
1.8 million manat ($1.05 million) |
|
16 |
"Xalq Hayat" |
761,000 manat ($447,647) |
|
17 |
"Baku Sigorta" |
363,000 manat ($213,529) |
|
18 |
"Nakhchivansigorta" |
294,000 manat ($172,941) |
|
19 |
"Aqrar Sigorta" |
19,000 manat ($11,176) |
|
20 |
"Ravan Sigorta" |
- |
|
Total: |
160.4 million manat ($94.3 million) |
Today there are 20 insurance companies and one reinsurance company in Azerbaijan. Earlier, the licenses of three insurance companies, namely, "Amrah Sigorta", "AXA MBASK", "Standard Insurance" were canceled.
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