BAKU, Azerbaijan, October 5. Azerbaijan's insurance sector reported a robust accumulation of 1.05 billion manat ($620 million) in premium revenue during the period spanning January through August 2025.
The data obtained by Trend from the Central Bank of Azerbaijan shows that this figure rose by 120 million manat ($70.6 million), or 12.9 percent, compared to the same period of 2024.
During the reporting period, PASHA Life Insurance OJSC topped
the list with 481.5 million manat ($283 million) in insurance
premium collections.
PASHA Insurance OJSC came in second in the ranking, pulling in
total premium collections of 247.9 million manat ($145.8 million),
while Ateshgah Life Insurance OJSC took the third spot with 73.1
million manat ($43 million).
Total collections of all insurance companies in Azerbaijan in the reporting period are summarized below.
|
Company |
Collections |
|
PASHA Life Insurance |
481.5 million manat ($283 million) |
|
PASHA Insurance |
247.9 million manat ($145.8 million) |
|
Ateshgah Life Insurance Company |
73.1 million manat ($43 million) |
|
Qala Insurance Company |
58.5 million manat ($34.4 million) |
|
Ateshgah Insurance Company |
42.7 million manat ($25 million) |
|
Mega Insurance |
22.9 million manat ($13.47 million) |
|
Azerbaijan Industry Insurance |
21.66 million manat ($12.7 million) |
|
Qala Life Insurance Company |
21 million manat ($12 million) |
|
Khalg Insurance |
18 million manat ($10.6 million) |
|
Agrar Insurance |
15.4 million manat ($9 million) |
|
Mega Life Insurance |
10.8 million manat ($6.3 million) |
|
A-Group Insurance Company |
10.6 million manat ($6.2 million) |
|
Khalg Life Insurance |
7.2 million manat ($4.2 million) |
|
AtaInsurance |
6.67 million manat ($3.9 million) |
|
AzInsurance |
5.7 million manat ($3.3 million) |
|
Silk Way Insurance |
4.17 million manat ($2.4 million) |
