BAKU, Azerbaijan, February 24. The total insurance premium collections of insurance companies in Azerbaijan amounted to 163.7 million manat ($96.3 million) in January 2025.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) shows that this figure grew by 17.6 percent or 24.5 million manat ($14.4 million) compared to the same month in 2024 (139.1 million manat or $81.8 million).
Furthermore, in the reporting month, the ranking on the volume of insurance premium collections was headed by PASHA Insurance OJSC with 69 million manat ($40.59 million).
The second position in the ranking was occupied by PASHA Life Insurance OJSC with total premium collections amounting to 50.3 million manat ($29.59 million), and the third position was occupied by Ateshgah Life Insurance (eight million manat or $4.7 million).
Total collections of all insurance companies in Azerbaijan in the reporting month are summarized below.
|
Company |
Collections |
|
PASHA Insurance OJSC |
69 million manat ($40.59 million) |
|
PASHA Life Insurance OJSC |
50.3 million manat ($29.59 million) |
|
Ateshgah Life Insurance Company OJSC |
8 million manat ($4.7 million) |
|
Agrar Insurance OJSC |
7.6 million manat ($4.47 million) |
|
Qala Insurance Company OJSC |
5.6 million manat ($3.3 million) |
|
Ateshgah Insurance Company OJSC |
4.9 million manat ($2.9 million) |
|
Khalg Insurance OJSC |
3.75 million manat ($2.2 milion) |
|
Azerbaijan Industry Insurance OJSC |
3.7 million manat ($2.18 million) |
|
Mega Insurance OJSC |
2.9 million manat ($1.7 million) |
|
A-Group Insurance Company OJSC |
2 million manat ($1.18 million) |
|
Qala Life Insurance Company OJSC |
1.39 million manat ($820,000) |
|
Mega Life Insurance OJSC |
1.36 million manat ($800,000) |
|
Ata Insurance OJSC |
977,000 manat ($574,710) |
|
Khalg Life Insurance OJSC |
844,000 manat ($496,470) |
|
Az Insurance OJSC |
743,000 manat ($437,060) |
|
Silk Way Insurance OJSC |
424,000 manat ($249,410) |