BAKU, Azerbaijan, April 23. Azerbaijan's PASHA Life Insurance ranks first among the country's insurance companies as of January 1, 2023, Trend reports.
According to the data, the company's assets amounted to 552.4 million manat ($324.5 million).
PASHA Insurance ranks second with the volume of assets of 274.8 million manat ($161.4 million).
The third place is occupied by Xalq Insurance company with the volume of assets worth 81.9 million ($48.1 million).
Ranking of Azerbaijan's insurance companies by assets:
|
№ |
Insurance company |
Assets |
Annual difference |
|
1 |
PASHA Life Insurance |
552.4 million manat ($324.5 million) |
40.40 percent |
|
2 |
PASHA Insurance |
274.8 million manat ($161.4 million) |
15.10 percent |
|
3 |
Xalq Insurance |
81.9 million manat ($48.1 million) |
1.90 percent |
|
4 |
Ateshgah Life Insurance |
79.3 million manat ($46.5 million) |
17.60 percent |
|
5 |
Gala Insurance |
63.08 million manat ($37.05 million) |
19.30 percent |
|
6 |
Ateshgah Insurance |
46.5 million manat ($27.3 million) |
17.40 percent |
|
7 |
Mega Insurance |
43.5 million manat ($25.5 million) |
-6.80 percent |
|
8 |
Gala Life Insurance |
43.2 million manat ($25.3 million) |
-5.30 percent |
|
9 |
Azerbaijan Industry Insurance |
42.5 million manat ($24.9 million) |
105.00 percent |
|
10 |
Azinsurance |
34.5 million manat ($20.2 million) |
-9.20 percent |
|
11 |
Silkway Insurance |
32.2 million manat ($18.9 million) |
35.10 percent |
|
12 |
A-Group Insurance |
29.2 million manat ($17.1 million) |
15.00 percent |
|
13 |
Xalq Life Insurance |
27.4 million manat ($16.09 million) |
16.30 percent |
|
14 |
Mega Life Insurance |
19.6 million manat ($11.5 million) |
62.10 percent |
|
15 |
AzerInsurance |
17.2 million manat ($10.1 million) |
-64.80 percent |
|
16 |
Gunay Insurance |
16.3 million manat ($9.5 million) |
-0.20 percent |
|
17 |
Agro Insurance |
14.3 million manat ($8.4 million) |
17.70 percent |
|
18 |
Ata Insurance |
14.1 million manat ($8.2 million) |
-19.00 percent |
|
19 |
Baku Insurance |
12.7 million manat ($7.4 million) |
5.60 percent |
|
20 |
Nakchivan Insurance |
10.4 million manat ($6.1 million) |
8.60 percent |
|
Total |
1.4 billion manat ($822.5 million) |
18.80 percent |
In 2022, the total insurance premiums of the 10 leading insurance companies of Azerbaijan amounted to 881.8 million manat ($518.06 million), or 90.83 percent of the total insurance premiums, while that of all insurance companies of Azerbaijan in the reporting period amounted to 970.8 million manat ($570.3 million).
