BAKU, Azerbaijan, November 30. The total payments of 10 Azerbaijani leading insurance companies amounted to 340.6 million manat ($200.3 million) or 94.8 percent of total insurance payments from January through October 2022, Trend reports on November 30 via the Central Bank of Azerbaijan (CBA).
According to CBA, the list of top 10 companies in terms of payments was headed by PASHA Life, which accounted for 50.04 percent of payments for the reporting period.
The company's payments amounted to 181.3 million manat ($106.6 million) in the first 10 months of this year.
PASHA Insurance with total insurance payments of 58.9 million manat or $34.6 million (16.41 percent of all payments) ranked second, and Xalq Insurance with payments of 21.9 million manat or $12.8 million (6.12 percent of all payments) - third.
Total payments of all insurance companies in Azerbaijan amounted to 359.29 million manat ($211.35 million) from January through October this year.
|
Insurance company |
Payments for 10M2022 |
Percentage of payments in 10M2022 |
Rankings in 10M2022 |
|
PASHA Life |
181.3 million manat ($106.6 million) |
50.46 |
1 |
|
PASHA Insurance |
58.9 million manat ($34.6 million) |
16.41 |
2 |
|
Xalq Insurance |
21.9 million manat ($12.8 million) |
6.12 |
3 |
|
Ateshgah Life |
18.89 million manat ($11.1 million) |
5.26 |
4 |
|
AzerInsurance |
17.88 million manat ($10.5 million) |
4.98 |
5 |
|
Ateshgah Insurance |
12.59 million manat ($7.4 million) |
3.5 |
6 |
|
A-Group Insurance |
10.56 million manat ($6.2 million) |
2.94 |
7 |
|
AzInsurance |
7.8 million manat ($4.6 million) |
2.19 |
8 |
|
Mega Insurance |
5.6 million manat ($3.3 million) |
1.56 |
9 |
|
Qala Insurance |
4.9 million manat ($2.8 million) |
1.39 |
10 |
|
TOTAL |
340.6 million manat ($200.3 million) |
94.8 |
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