Baku, Azerbaijan, June 27
By Kheyraddin Nasirzade - Trend:
In January-May 2019, the fees of the top ten insurance companies of Azerbaijan amounted to about 293.5 million manats (91.93 percent of the total insurance fees).
The results of the activity of insurance companies in January-May 2019 have been announced by the Azerbaijan Financial Market Supervisory Authority (FIMSA).
|
Insurance company |
Fees in January-May 2019, in million manats |
Fees in January-May 2018, in million manats |
Share in volume of fees on market in January-May 2019 (%) |
Share in volume of fees on market in January-May 2018 (%) |
Ranking in January-May 2019 |
Ranking in January-May 2018 |
|
PASHA Life |
94.12 |
128.91 |
29.5 |
36.74 |
1 |
1 |
|
PASHA Insurance |
81.42 |
78.00 |
25.5 |
22.23 |
2 |
2 |
|
AzerInsurance |
34.5 |
33.47 |
10.81 |
9.54 |
3 |
3 |
|
Ateshgah Life |
16.95 |
22.56 |
5.3 |
6.43 |
4 |
4 |
|
Ateshgah |
14.27 |
13.1 |
4.47 |
3.73 |
5 |
6 |
|
Mega Insurance |
13.45 |
14.04 |
4.2 |
4.00 |
6 |
5 |
|
Xalg Sigorta |
11.13 |
2.95 |
3.5 |
0.84 |
8 |
15 |
|
Ipek Yolu |
8.09 |
7.54 |
2.54 |
2.15 |
9 |
9 |
|
Qala Insurance |
11.57 |
6.51 |
3.62 |
1.85 |
7 |
11 |
|
AtaInsurance |
8.01 |
8.08 |
2.51 |
2.3 |
10 |
8 |
|
TOTAL |
293.5 |
315.16 |
91.93 |
89.8 |
- |
- |
At the end of the reported period, the ranking in terms of insurance payments was led by PASHA Life, which accounted for 29.5 percent of fees. In January-May 2019, this company produced fees amounting to 94.12 million manats.
The second position in the ranking was held by PASHA Insurance with total fees of 81.42 million manats (about 25.5 percent of all fees), and the third was held by AzerInsurance with fees of 34.5 million manats (10.81 percent).
In January-May 2019, insurance companies operating in Azerbaijan collected premiums in the amount of 319.272 million manats (a decrease of almost 9 percent over a year), and payments in the same period amounted to 93.777 million manats (a decrease of 3.8 percent over a year).
(1 USD = 1.7 AZN on June 27)
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