BAKU, Azerbaijan, Apr.27
By Zeyni Jafarov - Trend:
The data on payments in the Azerbaijani insurance market for the first quarter of 2021 were disclosed, Trend reports referring to a report from the Central Bank of Azerbaijan (CBA).
In accordance with the report, during the first 3 months of 2021, Azerbaijani insurance companies paid insurance premiums worth over 145.3 million manat ($85.4 million), which is 88.5 percent more than in the same period of 2020.
The review of payments among domestic insurance companies is as follows:
|
No |
Insurance company |
Insurance payments |
|
1 |
Pasha Hayat Sigorta |
73.6 million manat ($43.3 million) |
|
2 |
State commercial insurance company |
28.1 million manat ($16.5 million) |
|
3 |
Pasha Sigorta |
15.6 million manat ($9.18 million) |
|
4 |
Atesgah Hayat |
9.7 million manat ($5.7 million) |
|
5 |
Xalq Sigorta |
4.7 million manat ($2.7 million) |
|
6 |
Ateshgah |
2.6 million manat ($1.5 million) |
|
7 |
A-Qroup |
2.5 million manat ($1.4 million) |
|
8 |
AtaSigorta |
2 million manat ($1.1 million) |
|
9 |
AZSIGORTA |
1.17 million manat ($690,000) |
|
10 |
Qala Sigorta |
1.09 million manat ($640,000) |
|
11 |
Meqa Sigorta |
1.05 million manat ($620,000) |
|
12 |
Gunay Sigorta |
850,000 manat ($500,000) |
|
13 |
Qala Hayat |
841,000 manat ($494,710) |
|
14 |
Azerbaijan Industrial Insurance Company |
711,000 manat ($418,240) |
|
15 |
Ipek Yolu Sigorta |
128,000 manat ($75,290) |
|
16 |
Baku Sigorta |
113,000 manat ($66,470) |
|
17 |
Xalq Hayat Insurance Company |
73,000 manat ($42,941) |
|
18 |
Nakhchivansigorta OJSC |
61,000 manat ($35,880) |
|
19 |
Aqrar Sigorta |
- |
|
20 |
Meqa Hayat |
- |
|
Total: |
145.3 million manat ($85.4 million) |
Today there are 20 insurance companies and one reinsurance company in Azerbaijan. Earlier, the licenses of four insurance companies, namely, Amrah Sigorta, AXA MBASK, Standard Insurance and Revan Sigorta were canceled.
(1 USD = 1.7 AZN on Apr.27)
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