BAKU, Azerbaijan, July 26
By Zeyni Jafarov - Trend:
The data on fees in the Azerbaijani insurance market as of early July 2021 have been disclosed, Trend reports citing a report from the Central Bank of Azerbaijan (CBA).
The fees in the insurance market exceeded 452 million manat ($265 million) in the first half of 2021, which is by 11.3 percent more than in the same period of 2020.
The data on fees of insurance companies:
|
# |
Insurance company |
Insurance fees |
|
(manat) |
||
|
1 |
Pasha Hayat Sigorta |
159.6 million manat ($93.9 million) |
|
2 |
Pasha Sigorta |
105.8 million manat ($62.2 million) |
|
3 |
State commercial insurance company |
44.7 million manat ($26.3 million) |
|
4 |
Qala Sigorta |
24.3 million manat ($14.3 million) |
|
5 |
Ateshgah Hayat |
23.7 million manat ($13.9 million) |
|
6 |
Mega Sigorta |
14.02 million manat ($8.2 million) |
|
7 |
Xalq Sigorta |
13.04 million manat ($7.7 million) |
|
8 |
Ateshgah |
11.3 million manat ($6.6 million) |
|
9 |
A-Group |
7.9 million manat ($4.6 million) |
|
10 |
Qala Hayat |
7.7 million manat ($4.5 million) |
|
11 |
Azərbaycan Sənaye Sığorta |
7.3 million manat ($4.3 million) |
|
12 |
Ipek Yolu Sigorta |
7.3 million manat ($4.3 million) |
|
13 |
AtaSigorta |
6.8 million manat ($4 million) |
|
14 |
AZSIGORTA |
5.7 million manat ($3.3 million) |
|
15 |
Gunay Sigorta |
5.3 million manat ($3.1 million) |
|
16 |
Xalq Hayat |
2.5 million manat ($1.5 million) |
|
17 |
Baku Sigorta |
2.2 million manat ($1.3 million) |
|
18 |
Aqrar Sigorta |
1.9 million manat ($1.1 million) |
|
19 |
Nakhchivansigorta |
1.02 million manat ($600,000) |
|
20 |
Mega Hayat |
236,000 manat ($138,823) |
|
Total: |
452.4 million manat ($266.1 million) |
Some 20 insurance companies and one reinsurance companies operate in Azerbaijan. Previously, the licenses of four insurance companies, namely, Amrah Sigorta, AXA MBASK, Standard Insurance and Revan Sigorta were canceled.
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