Life Insurance Begins to Afflict Classical Types

Insurance company Pasha Sigorta in the first quarter in February attracted 24 million 455.66 thousand manats, which is almost 1.36 million more than last year and the result is 23.9% of the collected insurance premiums.

Comparing this figure with the specific gravity of the company at the end of January (41.7%), we can say that other market participants are trying to catch up to the leader, the second year of starts from the vantage point - she enters the second year 20-million contract with the state company about the services voluntary health insurance.

Overall record and a "crop" of the insurance market in the country - while in January-March last year were collected 81.64 million manat, this year has already reached a result different semesters and even three-quarters - 102.23 million manat. According to the specialists of State Insurance Supervision Service, the pace of such promise doubled the local market.

For the second year in defiance of tradition, the company Ateshgah Hayat Sigorta became the first three months of the second winner to collect premiums on the insurance market of Azerbaijan, earning 9 million 509.98 thousand manats of premiums insurers (previous year: 6.78 million). In addition, the company has never been specializing in life insurance or climbed so high in the ranking. Almost the same dramatically improved the position of another life insurer - Pasha Hayat Sigorta. If last year on its account there was only 1.25 million and the absence in the top ten, until April of this year, it rose to the third place with 8 million 351.58 thousand manats of premiums.

On the uncharacteristic fourth place regained AzSigorta, for many years, owning a second place. In the first quarter of last year was on account of its 7.73 million manat, this year it has collected 8 million 19.6 thousand manats.

There repeats last year's situation, when the state company AzerSigorta and the company Ipek Yolu Sigorta instead of having to fight for the leadership to cling to the top five. In January-March this year, they have collected, respectively, 7 mln 624.35 thsd AZN and 6 million 401.63 thsd manat.

At this rate, taking into account the unusual "rocking" (6.29 million manat) forever bronze Ateshgah is unlikely to be able to rely on the old high places, even with an increase in absolute terms. At the 8th place with a score of 3.44 million manat is International Insurance Company (IIC), in the 9th place with slightly worse premiums (3.41 million) is Standard Insurance, and AXA MBASK (3,13 million manat) closes the leading group.

The leader in payments is Pasha Sigorta. In the first quarter, it compensated for insurance claims 5.8 million manat, which is 2.78 million manat better than the second indicator of Ateshgah. - 17D-