Competitors Far Behind Insurance Company Pasha Sigorta

The results of Azerbaijani insurers have been published.

According to the State Insurance Supervision Service of the Ministry of Finance , in January -August, the insurance company of Azerbaijan raised AZN 265.71 million , an increase of 36.84 million , or 13.9 % more than the result of eight months of last year , when it was accumulated premiums 228.87 million manat . The growth was due to the corporate and compulsory insurance. 'Classical' voluntary insurance is poorly developed .

The leader is "Pasha Sigorta", which by September 1, accumulated 32 million on contracts 846.46 million manat , which is about 2.45 million more than last year and the result is 12.36 % of the total premiums collected by 28 participants in the market . It is worth noting that the proportion of the structure fell over the month by 1% - the competitors are tightened . A subsidiary of the leader - "Pasha Hayat Sigorta", outstripping the two other members of the life insurance , collected 19.31 million manat , ranking fifth among all insurers .

Thanks to the presidential decree on the development of compulsory insurance of emergency workers and Border Protection 's state-owned "AzerSigorta" firmly straddled bronze niche with a view to step up , and on account of its 27.14 million manat (4 million increase for the month) .

Peculiar to her second place almost six months lagged behind the company holds at the head of Emergency "AzSigorta", the last few years, " usurped " the position. Following six months it has collected 28.66 million manat with the intention to catch up to the leader.

At this rate of bureaucratic competition and by the relative backwardness in comparison with the previous year ( 23.05 vs. 23.84 million manat) forever bronze team "Ateshgah" dropped to 4th place . The former leader of the life insurance "Ateshgah Hayat Sigorta" behind a business partner with 18.36 million

At the bottom of the top ten teams is also a small rotation (see table). Remarkable rise "Ipek yolu Sigorta" a few lines up.

The leader in payments is the company "Pasha Sigorta" too. During the reporting period (January -July) it compensated by insurance claims 17.54 million manat. In the " payments" which accounts for 22.53 % of the total figure. As premium costs it expanded mainly through voluntary health insurance corporate clients (mostly state-owned oil company).

In general, companies from January to the end of July was paid 77.85 million that almost 19 million manat more than in January- August of last year ( 58.87 million ) - 17D-