In January, during the crisis reduced the level of collection of premiums under life insurance. Thus, in comparison with the first month of last year the volume of services decreased by 38.15% - up to 8 million 174 thousand 301.98 manat.
The Azerbaijan Insurers Association (AIA) told Turan three specialized insurers provided 13% of the premiums of the local insurance market.
In January, the total payments of these companies amounted to 649 898.23 manat (minus 31.9%) with an extremely low ratio to premiums - 6.3%. On average, in Eastern Europe, the ratio is 30-40%.
Pasha Hayat Sigorta got 3 million 659.55 thousand manat with payments at the level of 221.34 thousand manat. At the second place is Ateshgah Hayat Sigorta - 2 million 756.08 thousand AZN with payments of 281.88 thousand AZN. And closes the top three Qala Hayat Sigorta - 1 million 758.67 thousand AZN with payments of 146.68 thousand AZN.
27 insurance companies have licenses in Azerbaijan. --17D-
Economics
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