BAKU, Azerbaijan, March 31
By Zeyni Jafarov - Trend:
The data on payments in the Azerbaijani insurance market by late February 2021 were disclosed, Trend reports citing a report from the Central Bank of Azerbaijan (CBA).
In accordance with the report, during the first two months of 2021, Azerbaijani insurance companies paid insurance premiums worth about 100.2 million manat ($58.9 million), which is by over two times more than in the same period of 2020.
The review of payments among domestic insurance companies is as follows:
|
# |
Insurance company |
Insurance payments |
|
1 |
"Pasha Hayat Sigorta" |
43.05 million manat ($25.3 million) |
|
2 |
State commercial insurance company |
24.3 million manat ($14.3 million) |
|
3 |
"Pasha Sigorta" |
13.04 million manat ($7.7 million) |
|
4 |
"Atesgah Hayat" |
7.7 million manat ($4.5 million) |
|
5 |
"Xalq Sigorta" |
3.1 million manat ($1.8 million) |
|
6 |
"Ateshgah" |
1.6 million manat ($941,176) |
|
7 |
"A-Qroup" |
1.5 million manat ($882,352) |
|
8 |
"AtaSigorta" |
1.1 million manat ($647,058) |
|
9 |
"AZSIGORTA" |
835,000 ($491,176) |
|
10 |
"Qala Sigorta" |
783,000 ($460,588) |
|
11 |
"Qala Hayat" |
717,000 ($421,764) |
|
12 |
"Meqa Sigorta" |
657,000 ($386,470) |
|
13 |
"Gunay Sigorta" |
601,000 ($353,529) |
|
14 |
"Azerbaijan Industrial Insurance Company" |
471,000 ($277,058) |
|
15 |
"Ipek Yolu Sigorta" |
105,000 ($61,764) |
|
16 |
"Baku Sigorta" |
77,000 ($45,294) |
|
17 |
"Xalq Hayat" Insurance Company |
73,000 ($42,941) |
|
18 |
"Nakhchivansigorta" OJSC |
31,000 ($18,235) |
|
19 |
"Revan Sigorta" |
23,000 ($13,529) |
|
20 |
"Aqrar Sigorta" |
- |
|
Total: |
100.2 million manat ($58.9 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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