Finance

Home page

Finance

Ranking of Azerbaijan-based insurers for insurance claim payment in 2008

02 February 2009 13:07 (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 a year ago.
According to the exact information provided by the Ministry of Finance, Azersighorta State Insurance Company tops the list with 25.68% of the total payments for insurance claims.
MBASK Sighorta (11.97%) and Standard Insurance (9.05%) 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	Share in total claims
1	Azersighorta	25,68%
2	MBASK	11,97%
3	Standard Insurance	9,05%
4	Ateshgah Sighorta	8,91%
5	International Insurance Company	8,17%
6	A-Group	6,71%
7	AzSighorta	4,66%
8	Bashak-Inam	3,53%
9	Xalq Sighorta	3,21%
10	BE&G	2,19%
11	Kavkaz Sighorta	2,15%
12	Pasha Sighorta	1,89%
13	Era Trans	1,77%
14	Azerbaijan Industry Insurance	1,75%
15	AtaSighorta	1,51%
16	Baku Sighorta	1,47%
17	Star Alliance	1,10%
18	Alfa Sighorta	0,68%
19	Thames Insurance Group	0,58%
20	Fidan Sighorta	0,40%
21	AIG Caspian	0,36%
22	Gunay Anadolu	0,34%
23	Azerqarant	0,26%
24	Amrah Sighorta	0,24%
25	Qarant Sighorta	0,08%
26	Azalsighorta	0,06%
27	Qala Sighorta	-
28	Nishan Sighorta	-