BAKU, Azerbaijan, April 24. Azerbaijan's PASHA Life Insurance company has led the top insurance companies of the country in terms of the volume of liabilities as of January 1, 2023, Trend reports.
The company's liabilities accounted for 472.68 million manat ($278.05 million).
The second place was taken by PASHA Insurance with a volume of liabilities of 195.5 million manat ($115 million).
Ateshgah Life Insurance with liabilities worth 59.06 million manat ranked third ($34.74 million).
Ranking of Azerbaijan's insurance companies by volume of liabilities:
|
№ |
Insurance companies |
Liabilities |
Annual difference (%) |
|
1 |
PASHA Life Insurance |
472.68 million manat ($278.05 million) |
44.5 |
|
2 |
PASHA Insurance |
195.5 million manat ($115 million) |
19.8 |
|
3 |
Ateshgah Life Insurance |
59.06 million manat ($34.74 million) |
20.2 |
|
4 |
Xalq Insurance |
60.78 million manat ($35.75 million) |
52.8 |
|
5 |
Gala Insurance |
40.3 million manat ($23.7 million) |
17.1 |
|
6 |
Azerbaijan Industry Insurance |
37.8 million manat ($22.2 million) |
339.7 |
|
7 |
Ateshgah Insurance |
33.87 million manat ($19.92 million) |
27.5 |
|
8 |
Azerinsurance |
28.09 million manat ($16.52 million) |
-46 |
|
9 |
Azinsurance |
27.19 million manat ($15.99 million) |
-6.2 |
|
10 |
Gala Life Insurance |
26.39 million manat ($15.52 million) |
-18.4 |
|
11 |
A-Group Insurance |
21.99 million manat ($12.94 million) |
35.9 |
|
12 |
Silkway Insurance |
17.18 million manat ($10.1 million) |
134 |
|
13 |
Mega Insurance |
14.06 million manat ($8.27 million) |
-30.5 |
|
14 |
Agro Insurance |
10.77 million manat ($6.34 million) |
23.6 |
|
15 |
Xalq Life Insurance |
9.9 million manat ($5.8 million) |
24.7 |
|
16 |
Mega Life Insurance |
9.86 million manat ($5.8 million) |
1,484.4 |
|
17 |
Gunay Insurance |
9.07 million manat ($5.3 million) |
-5.4 |
|
18 |
Atainsurance |
7.3 million manat ($4.29 million) |
-44.5 |
|
19 |
Baku Insurance |
6.7 million manat ($3.9 million) |
13.6 |
|
20 |
Nakchivan Insurance |
4.8 million manat ($2.8 million) |
-5.1 |
|
Total |
805.69 million manat ($473.9 million) |
28.8 |
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).