BAKU, Azerbaijan, Aug.28
By Zeyni Jafarov - Trend:
The volume of payments in Azerbaijani insurance market has risen from January through July 2021, Trend reports citing a report from the Central Bank of Azerbaijan (CBA).
According to the CBA, this indicator exceeded 301.1 million manat ($177.2 million), which is by 32.6 percent more than in the first seven months of 2020.
The data on payments of insurance companies:
|
# |
Insurance company |
Insurance payments |
|
1 |
Pasha Hayat Sigorta |
156.5 million manat ($92.1 million) |
|
2 |
State commercial insurance company |
40.9 million manat ($24 million) |
|
3 |
Pasha Sigorta |
35.1 million manat ($20.6 million) |
|
4 |
Ateshgah Hayat |
21 million manat ($12.3 million) |
|
5 |
Xalq Sigorta |
12.1 million manat ($7.1 million) |
|
6 |
A-Group |
6.13 million manat ($3.61 million) |
|
7 |
Ateshgah |
6.1 million manat ($3.59 million) |
|
8 |
AtaSigorta |
4.8 million manat ($2.8 million) |
|
9 |
AZSIGORTA |
4.59 million manat ($2.7 million) |
|
10 |
Qala Sigorta |
2.9 million manat ($1.7 million) |
|
11 |
Mega Sigorta |
2.7 million manat ($1.59 million) |
|
12 |
Azerbaijan Industrial Insurance Company |
2.3 million manat ($1.3 million) |
|
13 |
Gunay Sigorta |
2.1 million manat ($1.2 million) |
|
14 |
Qala Hayat |
1.5 million manat ($880,000) |
|
15 |
Ipek Yolu Sigorta |
1.2 million manat ($710,000) |
|
16 |
Baku Sigorta |
462,000 manat ($271,920) |
|
17 |
Nakhchivansigorta |
178,000 manat ($104,770) |
|
18 |
Xalq Hayat |
83,000 manat ($48,850) |
|
19 |
Aqrar Sigorta |
- |
|
20 |
Mega Hayat |
- |
|
Total: |
301.1 million manat ($177.2 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.28)
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