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The Central Bank of Azerbaijan announced the financial indicators of the insurance market for January-February of this year.
"APA-Economics" has prepared the ranking of insurance companies according to the dynamics of collections with reference to CBA.
"PASHA Hayat" insurance company was the one with the highest increase in collections with absolute dynamics.
The collections of the insurance company increased by 32% or 16.4 million manat compared to the same period last year.
The sharpest decrease was recorded in "Ipek Yolu Insurance" company.
Collections of the insurance company decreased by 89% or 4.6 million manats.
The ranking is exactly as follows:
Name of Insurer | Relative dynamics | Absolute dynamics (thousand AZN) |
"Pasha Life Insurance" Open Joint Stock Company | 32.0% | 16 380 |
"Pasha Insurance" Open Joint Stock Company | 11.8% | 8 551 |
"Agrar Insurance" Open Joint Stock Company | 233.6% | 6 330 |
"Gala Insurance" Open Joint Stock Company | 79.0% | 5 910 |
State Insurance Commercial Company of the Republic of Azerbaijan | 136.6% | 2 247 |
"Mega Insurance" Open Joint Stock Company | 56.8% | 2 211 |
"Gala Hayat" Insurance Company Open Joint Stock Company | 42.9% | 1 262 |
"Azerbaijan Industrial Joint Stock Company" Open Joint Stock Company | 27.0% | 882 |
"Ateshgah Hayat" Insurance Company Open Joint Stock Company | 10.2% | 758 |
"AtaSigorta" Open Joint Stock Company | 57.2% | 748 |
"Gunay Sigorta" Open Joint Stock Company | 71.6% | 700 |
"A-Group Insurance Company" Open Joint Stock Company | 20.9% | 515 |
"Ateshgah" Insurance Company Open Joint Stock Company | 7.5% | 361 |
"Xalq Hayat" Insurance Company Open Joint Stock Company | 28.2% | 347 |
"Baku Insurance" Open Joint Stock Company | 32.4% | 253 |
"Xalq Sigorta" Open Joint Stock Company | 2.7% | 160 |
"Nakhchivansıgorta" Open Joint Stock Company | 19.1% | 64 |
"AzSigorta" Open Joint Stock Company | -37.0% | - 728 |
"Silk Road Insurance" OJSC | -89.0% | - 4,600 |