BAKU, Azerbaijan, Aug.27
By Zeyni Jafarov - Trend:
The volume of fees in Azerbaijani insurance market has grown from January through July 2021, Trend reports citing a report from the Central Bank of Azerbaijan (CBA).
According to the CBA, this indicator exceeded 528.2 million manat ($310.7 million), which is by 11.7 percent more than in the first seven months of 2020.
The data on fees of insurance companies:
|
# |
Insurance company |
Insurance fees |
|
1 |
Pasha Hayat Sigorta |
190.2 million manat ($111.8 million) |
|
2 |
Pasha Sigorta |
120.6 million manat ($70.9 million) |
|
3 |
State commercial insurance company |
47.1 million manat ($27.7 million) |
|
4 |
Ateshgah Hayat |
28.3 million manat ($16.6 million) |
|
5 |
Qala Sigorta |
25.7 million manat ($15.1 million) |
|
6 |
Xalq Sigorta |
15.3 million manat ($8.2 million) |
|
7 |
Mega Sigorta |
14.7 million manat ($8.6 million) |
|
8 |
Ipek Yolu Sigorta |
14.1 million manat ($8.3 million) |
|
9 |
Ateshgah |
13.5 million manat ($7.9 million) |
|
10 |
Qala Hayat |
10.8 million manat ($6.3 million) |
|
11 |
A-Group |
8.7 million manat ($5.1 million) |
|
12 |
Azerbaijan Industrial Insurance Company |
8.1 million manat ($4.7 million) |
|
13 |
AtaSigorta |
7.6 million manat ($4.4 million) |
|
14 |
AZSIGORTA |
6.4 million manat ($3.7 million) |
|
15 |
Gunay Sigorta |
6.2 million manat ($3.6 million) |
|
16 |
Xalq Hayat |
3 million manat ($1.7 million) |
|
17 |
Baku Sigorta |
2.9 million manat ($1.7 million) |
|
18 |
Aqrar Sigorta |
2.7 million manat ($1.6 million) |
|
19 |
Nakhchivansigorta |
1.2 million manat ($710,000) |
|
20 |
Mega Hayat |
266,000 manat ($156,470) |
|
Total: |
528.2 million manat ($310.7 million) |
Some 20 insurance companies and one reinsurance company operate in Azerbaijan. Previously, the licenses of four insurance companies, namely, Amrah Sigorta, AXA MBASK, Standard Insurance and Revan Sigorta were canceled.
(1 USD = 1.7 AZN on Aug.27)
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