BAKU, Azerbaijan, August 28. Azerbaijan's insurance companies made insurance payments of 529.3 million manat ($311.3 million) from January through July 2025.
Data obtained by Trend from the Central Bank (CBA) shows that this
metric experienced an escalation of 90.7 million manat ($53.3
million), translating to a 20.7 percent uptick, relative to the
corresponding timeframe in 2024.
During the specified reporting interval, the hierarchy concerning
the magnitude of insurance disbursements was led by PASHA Life
Insurance OJSC, achieving a substantial figure of 328.5 million
manat (equivalent to $193.2 million).
The runner-up in the hierarchy was held by PASHA Insurance OJSC,
with aggregate disbursements totaling 77.9 million manat
(equivalent to $45.8 million), while the bronze position was
secured by Ateshgah Life Insurance, reporting 38.8 million manat,
or $22.8 million, in payouts.
The aggregate disbursements from all insurance entities operating
within Azerbaijan for the initial seven-month period of the current
fiscal year are delineated below.
|
Company |
Payments |
|
PASHA Life Insurance OJSC |
328.5 million manat ($193.2 million) |
|
PASHA Insurance OJSC |
77.9 million manat ($45.8 million) |
|
Ateshgah Life Insurance Company OJSC |
38.8 million manat ($22.8 million) |
|
Ateshgah Insurance Company OJSC |
22.8 million manat ($13.4 million) |
|
Qala Insurance Company OJSC |
15 million manat ($8.8 million) |
|
Mega Insurance OJSC |
9.23 million manat ($5.42 million) |
|
Azerbaijan Industry Insurance OJSC |
6.91 million manat ($4 million) |
|
A-Group Insurance Company OJSC |
6.34 million manat ($3.72 million) |
|
Khalg Insurance OJSC |
5.83 million manat ($3.42 million) |
|
Agrar Insurance OJSC |
4.77 million manat ($2.8 million) |
|
Khalg Life Insurance OJSC |
3.64 million manat ($2.14 million) |
|
AtaInsurance OJSC |
3.1 million manat ($1.82 million) |
|
Mega Life Insurance OJSC |
3 million manat ($1.7 million) |
|
Qala Life Insurance Company OJSC |
2 million manat ($1.1 million) |
|
AzInsurance OJSC |
1.1 million manat ($647,000) |
|
Silk Way Insurance OJSC |
62,000 manat ($36,470) |
