BAKU, Azerbaijan, June 29
By Zeyni Jafarov - Trend:
The data on fees in the Azerbaijani insurance market as of early June 2021 have been disclosed, Trend reports referring to a report from the Central Bank of Azerbaijan.
In accordance with the report, in the first 5 months of 2021, the total amount of the fees made up 208.2 million manat ($122.4 million), which is 48.6 percent more compared to the same period of 2020.
Fees of domestic insurance companies:
|
# |
Insurance company |
Insurance fees |
|
1 |
Pasha Hayat Sigorta |
101.2 million manat ($59.5 million) |
|
2 |
Pasha Sigorta |
34.5 million manat ($20.3 million) |
|
3 |
State commercial insurance company |
23.1 million manat ($13.5 million) |
|
4 |
Qala Sigorta |
16.4 million manat ($9.64 million) |
|
5 |
Ateshgah Hayat |
8.52 million manat ($5.01 million) |
|
6 |
Meqa Sigorta |
4.43 million manat ($2.6 million) |
|
7 |
Xalq Sigorta |
4.34 million manat ($2.55 million) |
|
8 |
Ateshgah |
3.71 million manat ($2.18 million) |
|
9 |
Ipek Yolu Sigorta |
3.21 million manat ($1.88 million) |
|
10 |
Azerbaijan Industrial Insurance Company |
2.18 million manat ($1.28 million) |
|
11 |
Qala Hayat |
1.75 million manat ($1.03 million) |
|
12 |
A-Qroup |
1.48 million manat ($870,588) |
|
13 |
AtaSigorta |
1.46 million manat ($858,823) |
|
14 |
AZSIGORTA |
1.15 million manat ($676,470) |
|
15 |
Gunay Sigorta |
222,000 manat ($130,588) |
|
16 |
Xalq Hayat |
141,000 manat ($82,941) |
|
17 |
Aqrar Sigorta |
106,000 manat ($62,353) |
|
18 |
Baku Sigorta |
83,000 manat ($48,823) |
|
19 |
Nakhchivansigorta |
- |
|
20 |
Meqa Hayat |
- |
|
Total: |
208.2 million manat ($122.4 million) |
Today 20 insurance companies and one reinsurance company operate 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 June 29)
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