BAKU, Azerbaijan, April 25. The total payments of 10 leading insurance companies in Azerbaijan amounted to 143 million manat ($84 million) (92.12 percent of total insurance payments) from January through March 2024, Trend reports.
Pasha Life Insurance topped the ranking by the volume of insurance payments, accounting for 56.75 percent of the total insurance payments of all companies. During the reporting period of 2024, it made payments amounting to 87 million manat ($51.1 million).
The second position in the ranking was occupied by Pasha Insurance with total payments amounting to 28.1 million manat ($16.5 million) (18.33 percent of all payments), and the third position was occupied by Ateshgah Life Insurance with payments amounting to 7.2 million manat ($4.2 million) (4.73 percent).
Total payments of all insurance companies in Azerbaijan in the reporting period amounted to 153.3 million manat ($90.1 million).
| Insurance company name | Disbursements (in manat) | Share by volume of payments in market | Ranking position |
| Pasha Life Insurance OJSC | 87 million manat ($51.1 million) | 56,75% | 1 |
| Pasha Insurance OJSC | 28.1 million manat ($16.5 million) | 18,33% | 2 |
| Ateshgah Life Insurance Company OJSC | 7.2 million manat ($4.2 million) | 4,73% | 3 |
| Ateshgah Insurance Company OJSC | 4.5 million manat ($2.6 million) | 3,65% | 4 |
| Khalg Insurance OJSC | 3.2 million manat ($1.8 million) | 2,95% | 5 |
| A-Group Insurance Company OJSC | 3 million manat ($1.7 million) | 2,13% | 6 |
| Mega Insurance OJSC | 3 million manat ($1.7 million) | 1,97% | 7 |
| Aqrar Sığorta OJSC | 2.9 million manat ($1.7 million) | 1,96% | 8 |
| Qala Insurance Company OJSC | 2.1 million manat ($1.2 million) | 1,93% | 9 |
| Azerbaijan Industry Insurance OJSC | 1.8 million manat ($1 million) | 1,38% | 10 |
| TOTAL | 143 million manat ($84 million) | 92,12% | - |
To note, the total payments of the 10 leading insurance companies in Azerbaijan amounted to 557.3 million manat ($327.6 million) in 2023 (94.9 percent of the total insurance payments).
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