BAKU, Azerbaijan, April 1. The insurance premium totaling 281.2 million manat ($165.4 million) was collected via insurance companies in Azerbaijan from January through February 2025.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) shows that this figure's growth is 17.2 percent or 41.5 million manat ($24.4 million) compared to the same period in 2024 (239.7 million manat or $141 million).
Furthermore, in the reporting period, the ranking on the volume of insurance premium collections was headed by PASHA Life Insurance OJSC with 100.4 million manat ($59 million).
The second position in the ranking was taken by PASHA Insurance OJSC with total premium collections amounting to 95.2 million manat ($56 million), and the third position - by Qala Insurance OJSC (19.2 million manat or $11.3 million).
Total collections of all insurance companies in Azerbaijan in the reporting month are summarized below.
|
Company |
Collections |
|
PASHA Life Insurance OJSC |
100.4 million manat ($59 million) |
|
PASHA Insurance OJSC |
95.2 million manat ($56 million) |
|
Qala Insurance Company OJSC |
19.2 million manat ($11.3 million) |
|
Ateshgah Life Insurance Company OJSC |
16.8 million manat ($9.9 million) |
|
Ateshgah Insurance Company OJSC |
9.6 million manat ($5.6 million) |
|
Agrar Insurance OJSC |
7.9 million manat ($4.6 million) |
|
Azerbaijan Industry Insurance OJSC |
5.5 million manat ($3.2 milion) |
|
Khalg Insurance OJSC |
5.35 million manat ($3.15 million) |
|
Mega Insurance OJSC |
5.33 million manat ($3.14 million) |
|
Qala Life Insurance Company OJSC |
4.9 million manat ($2.9 million) |
|
A-Group Insurance Company OJSC |
2.9 million manat ($1.7 million) |
|
Mega Life Insurance OJSC |
2.6 million manat ($1.5 million) |
|
Khalg Life Insurance OJSC |
1.8 million manat ($1.06 million) |
|
AtaInsurance OJSC |
1.7 million manat ($1 million) |
|
AzInsurance OJSC |
1.4 million manat ($820,000) |
|
Silk Way Insurance OJSC |
454,000 manat ($267,060) |
To note, the Central Bank of the Republic of Azerbaijan executes its mandate for state regulation and oversight within the insurance sector, as delineated in Article 95 of the Law of the Republic of Azerbaijan “On Insurance Activities.” At present, there are 16 insurance entities functioning within the jurisdiction of Azerbaijan.
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