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Azersighorta tops the ranking of insurers for insurance claim payment in 2008

30 January 2009 15:46 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based insurance companies paid in total AZN 49.81 million for insurance claims during 2008, up 35.5% on the same period last year.
According to the exact information provided by the Ministry of Finance, Azersighorta State Insurance Company tops the list with AZN 12.79 million, or 25.7% of the total payments for insurance claims.
MBASK Sighorta (AZN 5.96million or 12%) and Standard Insurance (AZN 4.51 million or 9.1%) are among the first three. The three has a share of 46.7% in the total payments. Two insurers (Gala Sighorta and Nishan Sighorta) made no payment for insurance claims.
Qarant Sighorta was granted a license on July 31, 2008.

	Insurers	Insurance Claims *(mln. AZN)*
1	Azersighorta	12,79
2	MBASK	5,96
3	Standard Insurance	4,51
4	Ateshgah Sighorta	4,44
5	International Insurance Company	4,07
6	A-Group	3,34
7	AzSighorta	2,32
8	Bashak-İnam	1,76
9	Xalq Sighorta	1,60
10	BE&G	1,09
11	Kavkaz Sighorta	1,07
12	Pasha Sighorta	0,94
13	Era Trans	0,88
14	Azerbaiajn Industry Insurance	0,87
15	AtaSighorta	0,75
16	Bakı Sighorta	0,73
17	Star Alliance	0,55
18	Alfa Sighorta	0,34
19	Thames İnsurance Group	0,29
20	Fidan Sighorta	0,20
21	AIG Caspian	0,18
22	Gunay Anadolu	0,17
23	Azerqarant	0,13
24	Amrah Sighorta	0,12
25	Qarant Sighorta	0,04
26	Azalsighorta	0,03
27	Qala Sighorta	-
28	Nishan Sighorta	-
Unlicensed
1	Absheron Sighorta	0,05
2	Azer-Asia	0,59
	Total	49,81