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Top 10 of Azerbaijani insurance companies for January-November

Business Materials 30 December 2009 16:35 (UTC +04:00)

Azerbaijan, Baku, Dec. 30 / Trend U.Ismayilova /

The Azerbaijani Finance Ministry divulged results of 10 insurance companies' activities which hold 82.81 percent of the total insurance collections and 83.21 percent of the total payments in January-November, 2009.

Twenty-eight insurance companies and one reinsurance company operate in Azerbaijan

Insurance company

Premiums in Jan-Nov 2009, million manat

Payments in Jan-Nov 2009, million manat

Premiums in Jan-October 2009, million manat

Payments in Jan-October, million manat

Azersigorta

25,10

11,26

20,62

10,66

Xalg Sigorta

24,01

1,14

23,63

1,03

Beynelxalg Sigorta

13,71

4,07

10,91

3,64

Azal Sigorta

13,20

0,12

13,07

0,12

Atesgah Sigorta

11,70

3,70

10,58

3,50

Az Sigorta

9,81

3,38

8,99

3,29

Pasa Sigorta

9,52

1,73

8,96

1,56

Standard Insurance

6,82

3,53

6,53

3,23

M BASK

6,21

5,79

5,80

4,39

A-Qroup

6,00

4,09

5,83

3,76

Total

126,11

38,81

114,92

35,18

The insurance market's premiums totaled 152.27 million manats and payments - 46.64 million manat.

The Azerbaijani Finance Ministry has also indicated the activity of the only reinsurance company AzRe in the report for January-November, when premiums made up 21.83 million manat with payment worth 7.68 million manat

On Dec. 30, the official exchange rate is 0.8031 manat to $1

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