BAKU, Azerbaijan, May 25. Total payments of 10 leading insurance companies of Azerbaijan amounted to 86.9 million manat ($51.1 million, 93.05 percent of total insurance payments) from January through April 2022, Trend reports citing the Central Bank of Azerbaijan Republic (CBAR).
According to the results of the reporting period, the ranking in terms of insurance payments was headed by Pasha Insurance Company, which accounted for 26.66 percent of total insurance payments of all companies. PASHA Insurance made payments for 24.9 million manat ($14.6 million) in 4M2022.
The second position in the ranking was taken by Pasha Life Insurance with a total volume of payments in the amount of 23.8 million manat ($14. million, 25.5 percent of all payments) and the third – by Azerinsurance State Insurance Company- with payments for 8.4 million manat ($4.9 million, 9.07 percent of all payments).
The total payments of all insurance companies in Azerbaijan amounted to 93.4 million manat ($54.9 million) from January through April 2022.
The results of activities of insurance companies in 4M2022 have been published by CBAR.
|
Payouts in 4M2022 |
Market share in terms of payouts in 4M2022 |
Place in the ranking in 4M2022 |
||||
|
PASHA Insurance |
24.9 million manat ($14.6 million) |
26.66 percent |
1 |
||||
|
PASHA Life |
23.8 million manat ($14 million) |
25.58 percent |
2 |
||||
|
Azerinsurance |
8.4 million manat ($4.9 million) |
9.07 percent |
3 |
||||
|
Xalg Insurance |
7.9 million manat ($4.6 million) |
8.5 percent |
4 |
||||
|
Ateshgah Life |
6.9 million manat ($4.05 million) |
7.41 percent |
5 |
||||
|
A-Group Insurance |
4.2 million manat ($2.4 million) |
4.5 percent |
6 |
||||
|
Ateshgah Insurance |
3.8 million manat ($2.2 million) |
4.17 percent |
7 |
||||
|
AZ Insirance |
2.3 million manat ($1.3 million) |
2.56 percent |
8 |
||||
|
Ata Insirance |
2.3 million manat ($1.3 million) |
2.51 percent |
9 |
||||
|
Mega Insirance |
1.9 million manat ($1.1 million) |
2.09 percent |
10 |
||||
|
TOTAL |
86.9 million manat ($51.1 million) |
93.05 percent |
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