Insurance company Pasha Hayat Sigorta has topped a third of the total life insurance premiums in the market.
At a press conference, Deputy Chairman of the Board Niyaz Ismailov said in January-October, they collected premiums of AZN 12.46 million (36% share of the niche market).
"Pasha Hayat's awards for the same period last year increased by 4.94 million manat, or 66%," said N. Ismailov. Meanwhile payments amounted to about 252 thousand manats, with annual growth of more than 3 times.
The structure of the portfolio changed. While they previously specialized in compulsory insurance against accidents at work (90% of the fees), now this segment accounts for just over two-thirds (70%) of the revenue. This means that the company has made a U-turn in the direction of individual customers without losing the corporate bonds.
Before the end of the year there is almost a month, and during that time, the company will bring the total level of premiums to 14 million manat (last year there were 8 million manat).
At the local insurance market there are 3 companies specializing in life insurance (Ateshgah Hayat Sigorta, Pasha Hayat Sigorta and Qala Hayat Sigorta). - 17D-
Economics
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