Scatter Factor (0.007 to 0.976) Scares Insurance Payments in Azerbaijan

In January-July 28 insurance companies were 228.97 million manat premiums at 68.88 million manat (approximately 30.1%) with an average payout ratio of 0.3.

If we look at individual performance, it turns out that an important part of communicating with customers insurers out of the spotlight State Insurance Supervision Service. Therefore should not be surprising low level of public confidence in the insurance sector.

The breakdown is as follows, in alphabetical order: "A-Qroup" during this period attracted 3.81 million, paid 3.72 million manat (coefficient of 0.976 with the activity of a loss), "AXA MBASK" - 8,8 vs 4,95 million manat with a normal ratio of 0,563, "Alfa Sigorta" - 3,15 versus 0.77 million with a coefficient of 2.44 and a barely perceptible tendency to nonpayment.

In "Ata Sigorta" - 7,22 vs 1,43 million manat at a rate of 0.2 s attraction to non-payment, in "Ateshgah Hayat" - 16.26 versus 1.78 million manat with a coefficient of 0.109 (explicit non-payment - a trend to the profits of the local segment of the life insurance), with "Ateshgah" - 20,34 against 8.17 million manat with a normal ratio of 0.4.

The company "Az Sigorta" gathered 25.63 mln, paying 5 million manats (0,195 - serious non-payment), "AzerSigorta" - 23,79 mln against 7.44 million manat with an average ratio of 0.31, "Azerbaycan Senaye Sigorta" - 6,72 mln against 1.09 million manat with a very low coefficient of 0.162.

In "Azerqarant Sigorta" 529,020 vs. 186,040 manat (0.35), in "Baki Sigorta" 3,78 mln versus 2.7 million manat (high, on the verge of bankruptcy - 0.714), with "Bashak Inam" 2 32 mln against 0.92 million manat (0.4).

International Insurance Company - 8.76 mln to 3.69 million manat (0,42), "Buta Sigorta" - 4,45 mln to 0.98 million manat (0,22), "Chartis Azerbaycan" - 667890 to 390,010 manats (0,584), "Era Trans" - 497,430 to 171,310 manats (0,34).

In "Amrah Sigorta" - 449,900 to 278,360 manats (very high - 0.619), with "Gunay Sigorta" - 228,080 to 58,330 manat (from an outsider 0.256), with "Xalq Sigorta" - 6.68 mln to 1 76 million manat (0.26), with "Ipek Yolu Sigorta" - 7,98 million to 55,460 manat (phenomenal bureaucratic corporate greed with the payout ratio 0.007).

In "Qala Hayat Sigorta" there is also unacceptable ratio 0.029 (6.43 million to 189,040 manat), in "Qarant Sigorta" factor of 0.3 (3,94 mln to 1.2 million manat), in "Mega Sigorta" extremely low coefficient of 0.165 (4.6 million to 759,200 manat).

Award "Pasha Hayat Sigorta" were 17.99 million and 495,240 manat with "predatory" factor of 0,028, the largest absolute financial plus for the induced socially oriented thanks to LCA "Pasha Sigorta" - 30.85 million with payments of 15.52 AZN and the normal ratio of 0.5.

The coefficient "Ravan Sigorta" 0.37 (1.96 million to 730,850 manats), "Standard Insurance" - 0.4 (11,08 million to 4.43 million manat). Eighteen months ago, the company created "Royal Sigorta" has yet unimportant figures (77,200 to 4,100 manat with a coefficient of 0.053).

Recall that in the world of theory and practice, the payout ratio (Claims Level Ratio) should be in the range of 0.4 - 0.7. - 17D-