BAKU, Azerbaijan, October 31. The total payments of 10 Azerbaijani leading insurance companies amounted to 302.5 million manat ($177.9 million) or 94.96 percent of total insurance payments from January through September 2022, Trend reports via the Central Bank of Azerbaijan (CBA).
According to CBA, the list of top 10 companies in terms of payments was headed by PASHA Life, which accounted for 50.04 percent of payments for the reporting period.
The company's payments amounted to 159.4 million manat ($93.7 million) from January through September 2022.
PASHA Insurance with total insurance payments of 53.4 million manat or $31.4 million (16.78 percent of all payments) ranked second, and Xalq Insurance with payments of 19.6 million manat or $11.5 million (6.17 percent of all payments) - third.
Total payments of all insurance companies in Azerbaijan amounted to 318.6 million manat ($187.4 million) from January through September this year.
|
Insurance company |
Payments for 9M2022 |
Percentage of payments in 9M2022 |
Rankings in in 9M2022 |
|
PASHA Life |
159.4 million manat ($93.7 million) |
50.04 |
1 |
|
PASHA Insurance |
53.4 million manat ($31.4 million) |
16.78 |
2 |
|
Xalq Insurance |
19.6 million manat ($11.5 million) |
6.17 |
3 |
| Ateshgah Life |
17.1 million manat ($10 million) |
5.37 |
4 |
|
AzerInsurance |
16.6 million manat ($9.7 million) |
5.23 |
5 |
|
Ateshgah Insurance |
10.5 million manat ($6.1 million) |
3.3 |
6 |
|
A-Group Insurance |
9.6 million manat ($5.6 million) |
3.02 |
7 |
|
AzInsurance |
6.6 million manat ($3.8 million) |
2.08 |
8 |
| Mega Insurance |
4.8 million manat ($2.8 million) |
1.51 |
9 |
|
AtaInsurance |
4.6 million manat ($2.7 million) |
1.45 |
10 |
|
TOTAL |
302.5 million manat ($177.9 million) |
94.95 |
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