Baku, Azerbaijan, March 19
By Emin Aliyev - Trend:
The following chart shows the ranking of 28 Azerbaijani insurance companies in terms of premiums collected in Jan.-Feb. 2014:
|
No. |
Insurance companies |
Premiums in Jan.-Feb. 2014 in Azerbaijani manats |
|
1 |
Pasha Sıgorta |
25 083 868.16 |
|
2 |
Ateshgah Heyat |
12 849 939.5 |
|
3 |
Ipek Yolu Sigorta |
7 408 613.91 |
|
4 |
Azerbaijan State Insurance Commercial Company Azersigorta |
6 367 814 |
|
5 |
Qala Heyat |
5 494 289 |
|
6 |
AzSigorta |
5 291 574.13 |
|
7 |
Ateshgah |
4 789 803.51 |
|
8 |
Pasha Heyat Sigorta |
4 428 205.36 |
|
9 |
AXA MBASK |
3 045 966.08 |
|
10 |
Beynelxalq Sigorta Shirketi |
2 220 656.03 |
|
11 |
Standard Insurance |
2 143 194.82 |
|
12 |
Xalq Sigorta |
2 131 509.78 |
|
13 |
Mega Sigorta |
1 966 685.5 |
|
14 |
Azerbaycan Senaye Sigorta |
1 337 220.5 |
|
15 |
AtaSigorta |
1 251 935.15 |
|
16 |
A-Qroup Sigorta Shirketi |
1 202 022.5 |
|
17 |
Buta Sigorta |
907 221.2 |
|
18 |
Qarant Sigorta |
807 675 |
|
19 |
Alfa Sigorta |
731 383.84 |
|
20 |
Bashak İnam Sigorta Shirketi |
667 452.76 |
|
21 |
Revan Sigorta |
444 480.51 |
|
22 |
Baki Sigorta |
404 416.39 |
|
23 |
Azerqarant Sigorta |
300 120.16 |
|
24 |
Emrah Sigorta |
134 045.31 |
|
25 |
Gunay Sigorta |
97 521.29 |
|
26 |
Era Trans Sigorta |
68 283.92 |
|
27 |
Chartis Azerbaycan |
40 359 |
|
28 |
Royal Sigorta |
151.98 |
|
TOTAL: |
91 616 409.29 |
Pasha Sigorta leads the ranking in terms of insurance premiums collected in Jan.-Feb. 2014, according to the report of the State Insurance Supervision Service of the Azerbaijani Ministry of Finance published on its website. Some 28.4 percent of the total premiums collected during this period accounted for this company.
Ateshgah Heyat (14.3 percent of all premiums in the market) and Ipek Yolu Sigorta (8.09 percent) ranked second and third in the ranking respectively
The following chart shows the ranking of 28 insurance companies in terms of compensation paid in January-February 2014:
|
No. |
Insurance companies |
Compensation payments in Jan.-Feb. 2014, in Azerbaijani manats |
|
1 |
"Pasha Sigorta |
3933506.66 |
|
2 |
Ateshgah |
2068822.23 |
|
3 |
Azerbaijan State Insurance Commercial Company Azersıgorta |
1954979 |
|
4 |
AXA MBASK |
1485884.91 |
|
5 |
AzSigorta |
1459303.66 |
|
6 |
Standard Insurance |
1130134.17 |
|
7 |
Ateshgah Heyat |
1011894.58 |
|
8 |
A-Qroup Sigorta Shirketi |
956563.48 |
|
9 |
Beynelxalq Sigorta Shirketi |
931390.5 |
|
10 |
AtaSigorta |
558620.36 |
|
11 |
Xalq Sigorta |
525726.45 |
|
12 |
Azerbaycan Senaye Sigorta |
444449.33 |
|
13 |
Qarant Sigorta |
369619.97 |
|
14 |
Pasha Heyat Sigorta |
361302.89 |
|
15 |
Buta Sigorta |
356968.51 |
|
16 |
Alfa Sigorta |
315945.22 |
|
17 |
Bashak İnam Sigorta Shirketi |
304207.34 |
|
18 |
Baki Sigorta |
297565.93 |
|
19 |
Mega Sigorta |
179027.65 |
|
20 |
Revan Sigorta |
165507.26 |
|
21 |
Era Trans Sigorta |
70810.27 |
|
22 |
Emrah Sigorta |
59034.42 |
|
23 |
Azerqarant Sigorta |
44042.42 |
|
24 |
Gunay Sigorta |
12805.75 |
|
25 |
Ipek Yolu Sigorta |
8902.63 |
|
26 |
Royal Sigorta |
8313.97 |
|
27 |
Qala Heyat |
1585 |
|
28 |
Chartis Azerbaycan |
272 |
|
TOTAL: |
19 017 186.56 |
Pasha Sıgorta is the market leader in terms of insurance compensation payments. From January-February the company paid around 3.93 million manats, or over 20 percent of all the compensation during the reporting period.
It is followed by Ateshgah with 2.09 million manats (almost 11 per ent of total payments) and Azersigorta with 1.95 million manats (10.25 percent).
The total amount of premiums of all insurance companies totalled 91.62 million manats in January-February, a 16.32 percent growth and compensation payments hit 19.02 million manats, a 17.33 percent growth.
The only reinsurance company AzRe's statistical indices are not indicated in the report.
The official exchange rate on March 19 is 0.7843 AZN/USD.
