BAKU, Azerbaijan, Sept. 23
By Zeyni Jafarov - Trend:
The collected fees of the Azerbaijani insurance companies increased from January through August 2021, Trend reports citing a report from the Central Bank of Azerbaijan (CBA).
According to the CBA, which is the regulator of the Azerbaijani insurance market, fees during the reporting period increased in annual terms by 51.9 million manat ($30.5 million), or 9.8 percent, from 528.6 million manat ($310.9 million) to 580.6 million manat ($341.5 million).
The data on fees of insurance companies from January through August 2021:
|
# |
Insurance company |
Insurance fees |
|
amount |
||
|
1 |
Pasha Hayat Sigorta |
212.7 million manat ($125.1 million) |
|
2 |
Pasha Sigorta |
127.4 million manat ($74.9 million) |
|
3 |
State commercial insurance company |
49.4 million manat ($29.06 million) |
|
4 |
Ateshgah Hayat |
31.3 million manat ($18.4 million) |
|
5 |
Qala Sigorta |
27.9 million manat ($16.4 million) |
|
6 |
Xalq Sigorta |
17.9 million manat ($1.05 million) |
|
7 |
Meqa Sigorta |
16.2 million manat ($9.5 million) |
|
8 |
Ateshgah |
15.2 million manat ($8.9 million) |
|
9 |
Ipek Yolu Sigorta |
14.7 million manat ($8.6 million) |
|
10 |
Qala Hayat |
13.1 million manat ($7.7 million) |
|
11 |
A-Group |
9.9 million manat ($5.8 million) |
|
12 |
Azerbaijan Industrial Insurance Company |
9.06 million manat ($5.3 million) |
|
13 |
AtaSigorta |
8.6 million manat ($5.06 million) |
|
14 |
AZSIGORTA |
7.3 million manat ($4.3 million) |
|
15 |
Gunay Sigorta |
7.3 million manat ($4.3 million) |
|
16 |
Aqrar Sigorta |
3.6 million manat ($2.1 million) |
|
17 |
Xalq Hayat |
3.5 million manat ($2.06 million) |
|
18 |
Baku Sigorta |
3.4 million manat ($2 million) |
|
19 |
Nakhchivansigorta |
1.6 million manat ($941,176) |
|
20 |
Meqa Hayat |
306,000 manat ($180,000) |
|
Total: |
580.6 million manat ($341.5 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.
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