BAKU, Azerbaijan, April 29. The fees of ten Azerbaijani leading insurance companies (ICs) totaled 238.6 million manat ($140.4 million), or 92.36 percent of the overall insurance fees in the first three months of 2022, Trend reports.
During the reporting period, PASHA Life topped the ranking in terms of premiums with 33.4 percent. The company's fees for this period reached 86.3 million manat ($50.79 million).
PASHA Insurance ranked second with a total premium of 85.3 million manat, or $50.2 million (33.03 percent of all fees), while Qala Insurance took third place with 17.7 million manat, or $10.4 million (6.85 percent).
The total fees of all insurance companies in the country from January through February 2022 amounted to 258.4 million manat ($152.09 million).
The Central Bank of Azerbaijan unveiled the results of insurance companies' activities for the reporting period.
|
Insurance company |
Fees for January through February 2022 |
Percentage of fees in January through February 2022 |
Place in the ranking in January through February 2022 |
|
PASHA Life |
86.3 million manat ($50.79 million) |
33.4 |
1 |
|
PASHA Insurance |
85.3 million manat ($50.2 million) |
33.03 |
2 |
|
Qala Insurance |
17.7 million manat ($10.4 million) |
6.85 |
3 |
|
Ateshgah Life |
12.49 million manat ($7.3 million) |
4.83 |
4 |
|
Xalg Sigorta |
8.8 million manat ($5.17 million) |
3.43 |
5 |
|
Ateshgah Insurance |
6.8 million manat ($4 million) |
2.64 |
6 |
|
Mega Insurance |
6.39 million manat ($3.7 million) |
2.47 |
7 |
|
Silk Way Insurance |
5.2 million manat ($3.06 million) |
2.02 |
8 |
|
A-Group Insurance |
4.8 million manat ($2.8 million) |
1.88 |
9 |
|
Azerbaijan Industrial Insurance |
4.6 million manat ($2.7 million) |
1.8 |
10 |
|
TOTAL |
238.68 million manat ($140.47 million) |
92.36 |
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