Pasha Hayat Sigorta Leads in Insurance Premiums, Ateshgah Hayat Leads in Insurance Payments
Baku / 12.09.17 / Turan: For the first seven months of 2017 the leader in insurance premiums in Azerbaijan was the company Pasha Hayat Sigorta, which collected 89,261,943 manat. The second in this list was the company Pasha Sigorta (73,787,220 manat), and the third was Ateshgah Sigorta (22,738,635 manat).
On insurance payments, for the reporting period, the leader was the insurance company Ateshgah Hayat, which paid out 30,517,856 manat. The second was Pasha Hayat Sigorta (27,907,615 manat) and the third was Pasha Sigorta (24,323,390 manat).
In general, in January-July, insurance companies collected 322,830,059 manat, and paid 144,008,840 manat.
In comparison with the same period of the last year, the voluntary insurance market increased by 14,333,000 manat and made up 223,458,000 manat. Payments for this type of insurance amounted to 113,320,000 manat. -71D-
Finance
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The Chamber of Auditors reported its financial results for 2023. Last year, the Chamber of Auditors earned a profit of 0.16 million manats, a 54.3% decrease compared to 2022. During the reporting period, the organization received 1.33 million manats in revenue and incurred 1.17 million manats in expenses. At the beginning of the current year, the assets of the Chamber of Auditors increased by 13.2% compared to the start of the previous year, reaching 1.24 million manats. This includes liabilities of 0.02 million manats (an 8.7% decrease) and equity capital of 1.22 million manats (a 13.9% increase).
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In January-July 2024, AZN 2,657,700 of loan insurance premiums were collected in Azerbaijan. This is stated in the insurance review published by the Central Bank of Azerbaijan.
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"Qala Insurance" company won the open tender for full voluntary (KASKO) insurance of vehicles of the Agency for Export and Investment Promotion (AZPROMO) under the Ministry of Economy. This is reported on the unified internet portal of public procurement.
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The Central Bank of Azerbaijan has issued a perpetual license to "Golden Pay" company for the right to carry out activities of a payment organization. This is reported on the website of the regulatory body.
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