BAKU, Azerbaijan, July 27. The total fees of 10 Azerbaijani leading insurance companies amounted to 452.7 million manat ($266.2 million) or 92.09 percent of total insurance fees from January through June 2022, Trend reports via Central Bank of Azerbaijan (CBA).
According to CBA, the ranking in terms of insurance fees was headed by PASHA Life in specified period, which accounted for 42.04 percent of fees for the reporting period.
Company's fees amounted to 206.6 million manat ($121.5 million) in first half 2022.
Second position in the ranking was held by PASHA Insurance with total insurance fees of 120.6 million manat or $70.9 million (24.5 percent of all fees), third – Ateshgah Life with fees of 25.6 million manat or $15.05 million (5.23 percent of all fees).
Total fees of all insurance companies in Azerbaijan amounted to 491.6 million manat ($289.1 million) from January through June 2022.
|
Insurance company |
Fees for January through June 2022 |
Percentage of fees in January through June 2022 |
Rankings in January through June 2022 |
|
PASHA Life |
206.6 million manat ($121.5 million) |
42.11 |
1 |
|
PASHA Insurance |
120.6 million manat ($70.9 million) |
25.63 |
2 |
|
Ateshgah Life |
25.6 million manat ($15.05 million) |
5.23 |
3 |
|
Qala Insurance |
24.9 million manat ($14.6 million) |
5.07 |
4 |
|
Xalg Sigorta |
19.2 million manat ($11.2 million) |
3.92 |
5 |
|
Ateshgah Insurance |
13.3 million manat ($7.8 million) |
2.71 |
6 |
|
Silk Way Insurance |
12.9 million manat ($7.5 million) |
2.63 |
7 |
|
Mega Insurance |
10.8 million manat ($6.3 million) |
2.2 |
8 |
|
A-Group Insurance |
9.6 million manat ($5.6 million) |
1.96 |
9 |
|
Qala Life |
8.9 million manat ($5.2 million) |
1.82 |
10 |
|
TOTAL |
452.7 million manat ($266.2 million) |
90.28 |
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