The insurance company Pasha Hayat Sigorta, specializing in life insurance, last year increased almost twice.
According to the press service of the company (http://www.pasha-life.az/xeberler/9/302.html), on the basis of the loop, it has increased in comparison with the results of 2011 by 79.6%, having accumulated 14,696,540 manats .
As was written before by Turan, this enabled them to enter the top ten in the local insurance market (take pride in ninth place, and came close to another life insurer, the leader of the segment "Ateshgah Hayat Sigorta", which has 15.76 million manat). The company's combined market share is 4.3%, a the competitor has 4.6%. In the life insurance market its share is 40%.
Management of the company binds strengthening its position with new products providing a more efficient environment.
Insurance Company Pasha Hayat Sigorta got license for insurance activity February 14, 2011. The sole shareholder of the company is Pasha Holding.
The registered capital is 15.05 million manat.
In 2012, the company collected premiums of AZN 14.7 million, and paid 359,650 manat. - 17D-
Economics
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