BAKU, Azerbaijan, October 4. Azerbaijan's insurance companies made total insurance payments of 603 million manat ($355 million) from January through August 2025.
The data obtained by Trend from the Central Bank of Azerbaijan shows that
this metric experienced an escalation of 105 million manat ($61.7
million), translating to a 21.7 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 375.6 million
manat ($221 million).
The runner-up in the hierarchy was held by PASHA Insurance OJSC,
with aggregate disbursements totaling 90.4 million manat ($53
million), while the bronze position was secured by Ateshgah Life
Insurance, reporting 42 million manat ($25 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 |
375.6 million manat ($221 million) |
|
PASHA Insurance OJSC |
90.4 million manat ($53 million) |
|
Ateshgah Life Insurance Company |
42 million manat ($25 million) |
|
Ateshgah Insurance Company |
26 million manat ($15 million) |
|
Qala Insurance Company |
17 million manat ($10 million) |
|
Mega Insurance |
10.5 million manat ($6 million) |
|
Azerbaijan Industry Insurance |
8 million manat ($4.7 million) |
|
A-Group Insurance Company |
7 million manat ($4.1 million) |
|
Khalg Insurance |
6.7 million manat ($4 million) |
|
Agrar Insurance |
4.8 million manat ($2.8 million) |
|
Khalg Life Insurance |
3.8 million manat ($2.2 million) |
|
AtaInsurance |
3.6 million manat ($2.1 million) |
|
Mega Life Insurance |
3.5 million manat ($2 million) |
|
Qala Life Insurance Company |
2.1 million manat ($1.2 million) |
|
AzInsurance |
1.2 million manat ($710,000) |
|
Silk Way Insurance |
136,000 manat ($80,000) |
