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In the months of January-October of this year, the most harmful insurance companies on the Azerbaijan insurance market, i.e., the insurance companies with the highest payment-collection ratio, were known.
"APA-Economics" reports with reference to the Central Bank of Azerbaijan that the payments of two companies on the insurance market exceeded their collections.
The loss in "Azersıgorta" company was 152%, and in "Atasıgorta" company was 115.9%.
"Megha Hayat Sığorta" was the insurance company that paid the least in exchange for insurance premiums collected in ten months of this year.
The company paid only 0.1% of its collections.
The indicators of other insurance companies are as follows:
Name of Insurer | Collection | Payment | Y/Y ratio |
State Insurance Commercial Company of the Republic of Azerbaijan | 11 713 | 17 888 | 152.7% |
"AtaSigorta" Open Joint Stock Company | 4 297 | 4 980 | 115.9% |
"AzSigorta" Open Joint Stock Company | 9 818 | 7 870 | 80.2% |
"A-Group Insurance Company" Open Joint Stock Company | 14 531 | 10 561 | 72.7% |
"Xalq Sigorta" Open Joint Stock Company | 34 199 | 21 978 | 64.3% |
"Gunay Sigorta" Open Joint Stock Company | 6 402 | 3 414 | 53.3% |
"Pasha Life Insurance" Open Joint Stock Company | 343 083 | 181 302 | 52.8% |
"Ateshgah" Insurance Company Open Joint Stock Company | 24 498 | 12 593 | 51.4% |
"Ateshgah Hayat" Insurance Company Open Joint Stock Company | 40 382 | 18 898 | 46.8% |
"Baku Insurance" Open Joint Stock Company | 5 400 | 2 119 | 39.2% |
"Azerbaijan Industrial Joint Stock Company" Open Joint Stock Company | 12 326 | 4 114 | 33.4% |
"Pasha Insurance" Open Joint Stock Company | 182 918 | 58 945 | 32.2% |
"Mega Insurance" Open Joint Stock Company | 17 895 | 5 611 | 31.4% |
"Nakhchivansıgorta" Open Joint Stock Company | 1 952 | 466 | 23.9% |
"Agrar Insurance" Open Joint Stock Company | 7 940 | 1 155 | 14.5% |
"Gala Insurance" Open Joint Stock Company | 34 707 | 4 982 | 14.4% |
"Gala Hayat" Insurance Company Open Joint Stock Company | 17 018 | 1 930 | 11.3% |
"Xalq Hayat" Insurance Company Open Joint Stock Company | 7 063 | 339 | 4.8% |
"Silk Road Insurance" OJSC | 19 463 | 150 | 0.8% |
Mega Life Insurance Open Joint Stock Company | 2 021 | 3 | 0.1% |