Published data on insurance companies for 11 months

Published information about the awards and payments in the local market in January-November.

Azerbaijani insurance market during the period collected 312,968,993.43 manat, which is 62.1% more than the same period last year (193.1 million).

Payments made for all insured events were 82,536,070 manat that was 26.59 million more than on December 1 last year.

As predicted in January, the insurance company Pasha Sigorta for ten months did not miss the leadership of the local insurance companies, collecting 44,669,778 manat or 14.27% of all insurance premiums for the period. Of these, 20 million produced in January due to a one-time contract with the state oil company about the service of voluntary health insurance. For comparison - by October 1 last year, it collected only 9.83 million and was in 10th place. According to experts, the championship of the company for the year - that's a bargain, it is necessary to make it.

The second place in January-October, already quite familiar to observers, was occupied by AzSigorta with a premium of 36,680,542 manat, which is almost double last year's interim result. By the way, if in January the difference between the leader and the challenger was AZN 19 million, it is now almost 8 million

The company Ateshgah, according to the tradition, was on the "bronze line," and it is the expectation of the result that justified 34,240,815 manats. Together, this trio collected more than a third (36.2%) of the premiums.

State Insurance Company Azersigorta also gained momentum and a cruising speed trying to catch up with the trio to come off. But her spare arsenal of compulsory insurance, conveyed the only to her, will not help. During the reporting period, the company entered into an agreement in which were involved in premiums amounting 31,030,186 manat, which is more than 5 million more than the "champion" indicator 10 months of the previous year.

In the fifth place was Standard Insurance (19,823,043 AZN), which was once one of the most renowned teams.

In the sixth place was AXA MBASK, with most of the collected 16,940,343 manat falling on motor hull insurance and liability of owners of cars to passengers and pedestrians.

In the seventh place there is the oldest and the best company in the last few years of life insurance. Ateshgah Hayat scored mostly on corporate contracts 15,154,482 manats.

To the eighth place climbed Pasha Hayat Sigorta - a life insurance company created February 15, 2010 (AZN 13,383,220) - one of the recent applicants of prizes. On the results of January-September of last year, the company had almost 2 mln lower than the present results and standings, and was three places higher.

To the ninth place sank International Insurance Company (13,309,010 manat).

The company Xalq Sigorta collected AZN 12,071,980 and closed the top ten with stability.

The best ones for payment, except the undisputed leader - Pasha Sigorta with the result 19,718,380 manats (24.6% of all payments), became Azersigorta (10.26 million), Ateshgah (8.96 million) and etc. - in a descending line.

* All the results are given with reference to the State Insurance Supervision Service under the Finance Ministry of Azerbaijan. - 17D-