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TOP 10 Azerbaijani insurance companies by payments for 10M2022

Finance Materials 30 November 2022 10:17 (UTC +04:00)
TOP 10 Azerbaijani insurance companies by payments for 10M2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 30. The total payments of 10 Azerbaijani leading insurance companies amounted to 340.6 million manat ($200.3 million) or 94.8 percent of total insurance payments from January through October 2022, Trend reports on November 30 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 181.3 million manat ($106.6 million) in the first 10 months of this year.

PASHA Insurance with total insurance payments of 58.9 million manat or $34.6 million (16.41 percent of all payments) ranked second, and Xalq Insurance with payments of 21.9 million manat or $12.8 million (6.12 percent of all payments) - third.

Total payments of all insurance companies in Azerbaijan amounted to 359.29 million manat ($211.35 million) from January through October this year.

Insurance company

Payments for 10M2022

Percentage of payments in 10M2022

Rankings in 10M2022

PASHA Life

181.3 million manat ($106.6 million)

50.46

1

PASHA Insurance

58.9 million manat ($34.6 million)

16.41

2

Xalq Insurance

21.9 million manat ($12.8 million)

6.12

3

Ateshgah Life

18.89 million manat ($11.1 million)

5.26

4

AzerInsurance

17.88 million manat ($10.5 million)

4.98

5

Ateshgah Insurance

12.59 million manat ($7.4 million)

3.5

6

A-Group Insurance

10.56 million manat ($6.2 million)

2.94

7

AzInsurance

7.8 million manat ($4.6 million)

2.19

8

Mega Insurance

5.6 million manat ($3.3 million)

1.56

9

Qala Insurance

4.9 million manat ($2.8 million)

1.39

10

TOTAL

340.6 million manat ($200.3 million)

94.8

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