BAKU, Azerbaijan, Feb. 29
By Yusif Aghayev – Trend:
Data on fees on Azerbaijani insurance market in Jan. 2020 was disclosed, Trend reports with reference to the Azerbaijan's Central Bank.
The report said that Azerbaijan's insurance companies collected 111.6 million manat ($65.6 million) of insurance premiums in Jan. 2020, which is 23,4 million manat ($13.7 million) or 26.4 percent more than in Jan. 2019.
Below is a review of payments by local insurance companies:
| 1 | "Paşa Sığorta" | 56.5 million manat ($33.3 million) |
| 2 | "Paşa Həyat Sığorta" | 14.9 million manat ($8.8 million) |
| 3 | "İpək Yolu Sığorta" | 7.8 million manat ($4.6 million) |
| 4 | "Qala Sığorta" | 6.9 million manat ($4.1 million) |
| 5 | "Atəşgah" | 3.6 million manat ($2.1 million) |
| 6 | "Xalq Sığorta" | 3.5 million manat ($2 million) |
| 7 | "Atəşgah Həyat" | 2.9 million manat ($1.8 million) |
| 8 | "Meqa Sığorta" | 2.7 million manat ($1.6 million) |
| 9 | "A-Qroup Sığorta Şirkəti" | 1.77 million manat ($1.05 million) |
| 10 | "Standard Insurance" | 1.7 million manat ($1 million) |
| 11 | "Azərbaycan Sənaye Sığorta" | 1.69 million manat ($998,823) |
| 12 | Azerbaijan's State Insurance Commerce Company | 1.66 million manat ($980,588) |
| 13 | "AtaSığorta" | 1.62 million manat ($953,529) |
| 14 | "AZSIĞORTA" | 1.3 million manat ($776,470) |
| 15 | "Günay Sığorta" | 807,000 manat ($474,705) |
| 16 | "Qala Həyat" | 669,000 manat ($393,539) |
| 17 | "Rəvan Sığorta" | 331,000 manat ($194,705) |
| 18 | "Amrah Sığorta" | 223,000 manat ($131,176) |
| 19 | "Xalq Həyat" | 189,000 manat ($111,176) |
| 20 | "Naxçıvansığorta" | 121,000 manat ($71,176) |
| 21 | "Bakı Sığorta" | 106,000 manat ($62,352) |
| 22 | "AXA MBASK" | 2,000 manat ($1,176) |
| TOTAL: | 111.6 million manat ($65.6 million) |
A total of 22 insurance and one re-insurance companies are currently operating in Azerbaijan.