BAKU, Azerbaijan, April 23. Azerbaijan's PASHA Life Insurance company leads the top insurance companies of the country in terms of the volume of long-term assets as of January 1, 2023, Trend reports.
The company's long-term assets accounted for 359.3 million manat ($211.09 million).
The second place is taken by PASHA Insurance with the volume of long-term assets of 101.38 million manat ($59.5 million).
Xalq Insurance with long-term assets worth 44.1 million manat ranks third ($25.9 million).
Ranking of Azerbaijan's insurance companies by volume of long-term assets:
|
№ |
Insurance companies |
Long-term assets |
Annual difference |
|
1 |
PASHA Life Insurance |
359.3 million manat ($211.09 million) |
34.00 percent |
|
2 |
PASHA Insurance |
101.3 million manat ($59.5 million) |
49.80 percent |
|
3 |
Xalq Insurance |
44.1 million manat ($25.9 million) |
2.80 percent |
|
4 |
Mega Insurance |
26.3 million manat ($15.4 million) |
31.80 percent |
|
5 |
Gala Life Insurance |
21.2 million manat ($12.4 million) |
36.40 percent |
|
6 |
Xalq Life Insurance |
18.4 million manat ($10.8 million) |
87.80 percent |
|
7 |
Mega Life Insurance |
14.8 million manat ($8.6 million) |
2355.70 percent |
|
8 |
Ateshgah Insurance |
12.6 million manat ($7.4 million) |
12.00 percent |
|
9 |
AzerInsurance |
9.9 million manat ($5.8 million) |
-7.90 percent |
|
10 |
Ata Insurance |
7.4 million manat ($4.3 million) |
-32.60 percent |
|
11 |
AzInsurance |
6.4 million manat ($3.76 million) |
118.80 percent |
|
12 |
Ateshgah Life Insurance |
6.3 million manat ($3.7 million) |
22.10 percent |
|
13 |
Gunay Insurance |
5.5 million manat ($3.2 million) |
-14.90 percent |
|
14 |
Silkway Insurance |
5.04 million manat ($2.9 million) |
175.00 percent |
|
15 |
Baku Insurance |
2.82 million manat ($1.65 million) |
-2.50 percent |
|
16 |
A-Group Insurance |
2.801 million manat ($1.64 million) |
-4.00 percent |
|
17 |
Gala Insurance |
2.3 million manat ($1.3 million) |
-5.50 percent |
|
18 |
Azerbaijan Industry Insurance |
2.1 million manat ($1.2 million) |
86.90 percent |
|
19 |
Nakchivan Insurance |
541,568 manat ($318,173) |
55.20 percent |
|
20 |
Agro Insurance |
296,299 manat ($174,076) |
38.20 percent |
|
Total |
650.1 million manat ($381.9 million) |
34.20 percent |
As of January 1, 2023, the total volume of assets of Azerbaijani insurance companies accounted for 1.4 billion manat or $822.5 million manat (an increase of 18.8 percent over year).