BAKU, Azerbaijan, May 24. The total fees of 10 leading insurance companies (ICs) of Azerbaijan amounted to 332.9 million manat ($195.8 million), or 92.8 percent of the overall insurance fees in the first four months of 2022, Trend reports citing the Central Bank of Azerbaijan Republic (CBAR).
During the reporting period, PASHA Life topped the ranking in terms of premiums with 41.7 percent. The company's fees for this period amounted to 149.8 million manat ($88.1 million).
PASHA Insurance ranked second with a total premium of 96.04 million manat, or $56.4 million (26.77 percent of all fees), while Qala Insurance took third place with 20.6 million manat, or $12.1 million (5.75 percent).
The total fees of all insurance companies in the country from January through April 2022 amounted to 358.7 million manat ($211 million).
The Central Bank of Azerbaijan unveiled the results of insurance companies' activities for the reporting period.
|
Fees for 4M2022 |
Percentage of fees in 4M2022 (%) |
Place in the ranking in 4M2022 |
||
|
PASHA Life |
149.8 million manat ($88.1 million) |
41.76 |
1 |
||
|
PASHA Insurance |
96.04 million manat ($56.4 million) |
26.77 |
2 |
||
|
Qala Insurance |
20.6 million manat ($12.1 million) |
5.75 |
3 |
||
|
Ateshgah Life |
17.8 million manat ($10.4 million) |
4.97 |
4 |
||
|
Xalg Sigorta |
12.1 million manat ($7.1 million) |
3.38 |
5 |
||
|
Ateshgah Insurance |
9.4 million manat ($5.5 million) |
2.64 |
6 |
||
|
Mega Insurance |
8.5 million manat ($5 million) |
2.37 |
7 |
||
|
A-Group Insurance |
6.2 million manat ($3.6 million) |
1.74 |
8 |
||
|
Azerbaijan Industrial Insurance |
6.16 million manat ($3.62 million) |
1.72 |
9 |
||
|
Qala Life Insurance Company |
6.1 million manat ($3.58 million) |
1.7 |
10 |
||
|
TOTAL |
332.9 million manat ($195.8 million) |
92.8 |
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