Azerbaijan , Baku, Oct. 22 / Trend A.Akhundov /
The Azerbaijani Finance Ministry announced results of operations of the top ten insurance companies for January-September, 2011. Some 80 percent of the total insurance claims accounted for them.
Some 28 insurance companies and one reinsurance company operated in Azerbaijan during that period. Insurance company Fidan Sıgorta's license for insurance activity was temporarily suspended.
|
Insurance company |
Claims for January- September, 2011 in million manats |
Claims for January- September, 2010 in million manats |
Share of claims in market in January-September 2011 in percent |
Share of claims in market in January-September 2010 in percent |
Ranking in January- September 2011 |
Ranking in January- September 2011 |
Ranking in January- September 2011 |
|
State commercial insurance company |
8.15 |
7.81 |
19.79 |
21.82 |
1 |
1 |
1 |
|
"Beynelxalq Sıgorta Sirketi" |
4.51 |
3.84 |
10,95 |
10.73 |
2 |
3 |
4 |
|
"Atesgah" |
4.5 |
3.88 |
10.92 |
10.81 |
3 |
2 |
3 |
|
"A-Qroup Sıgorta Sirketi" |
3.74 |
4.38 |
9.08 |
12.24 |
4 |
4 |
2 |
|
"İpek Yolu Sıgorta" |
2.87 |
0.41 |
6.97 |
1.15 |
5 |
5 |
17 |
|
"AXA MBASK" |
2.35 |
2.63 |
5.7 |
7.35 |
6 |
6 |
5 |
|
"Standard Insurance" |
1.93 |
1.52 |
4.69 |
4.25 |
7 |
9 |
7 |
|
"Xalq Sıgorta" |
1.81 |
1.32 |
4.39 |
3.69 |
8 |
8 |
8 |
|
"Pasa Sıgorta" |
1.74 |
1.74 |
4.22 |
4.86 |
9 |
7 |
6 |
|
"Azərbaycan Senaye Sıgorta" |
1.62 |
1.05 |
3.93 |
2.93 |
10 |
10 |
10 |
|
Total |
33.22 |
28.58 |
80.64 |
79.83 |
- |
- |
- |
The only state-owned commercial insurance company Azersıgorta preserved its leadership in terms of payments in September.
Listing of the ten leading insurance companies did not undergo essential changes in terms of an amount of claims during the month.
The total premiums amounted to 165.27 million manat in the first nine months (40.1 percent-increase per year) and claims in this period hit 41.9 million manat (17.07 -percent increase).
The Azerbaijani Finance Ministry's report for January-September did not include the figures of the only reinsurance company Az RE.
The official exchange rate is 0.7869 manat to $1.