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Azerbaijan-based insurers ranking for payments/premium ratio

18 June 2014 10:23 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. APA-Economics regularly provides ranking of Azerbaijan-based financial organizations for their various figures and financial performance. In the table below, insurers are ranked by payments/premium ratio during January-May, 2014.

â„–	Insurers	Premium(AZN)	Payment (AZN)	Payment/premium ratio
â„–	Insurers	Premium(AZN)	Payment (AZN)	January-May, 2014	January-May, 2013
1	“Royal Sigorta”	2,254.84	8,313.97	3.69 times	1.89%
2	“Azerbaijan Industry Insurance”	4,173,175.51	6,256,324.37	1.50 times	19.08%
3	“A-Qroup”	2,707,319.71	2,636,807.60	97.40%	78.42%
4	“Baki Sigorta”	1,137,908.75	987,363.94	86.77%	1.03 times
5	“Amrah Sigorta”	305,956.72	208,261.17	68.07%	62.39%
6	“Era Trans”	285,514.97	166,631.31	58.36%	29.60%
7	“Buta Sigorta”	1,787,583.00	1,036,712.24	58.00%	19.45%
8	“Alfa Sigorta”	1,789,876.61	882,521.22	49.31%	42.11%
9	“AXA-MBask”	7,896,978.22	3,739,994.11	47.36%	48.92%
10	“Ateshgah Sigorta”	12,440,419.04	5,568,914.42	44.76%	47.44%
11	“Bashak Inam”	1,491,434.00	657,039.95	44.05%	30.10%
12	“Qarant Sigorta”	2,345,734.01	991,027.08	42.25%	31.59%
13	“International Insurance Company”	6,332,216.77	2,473,303.49	39.06%	40.97%
14	“Revan Sigorta”	1,210,498.88	436,824.07	36.09%	47.04%
15	“Pasha Sigorta”	31,029,789.94	11,066,826.25	35.67%	39.59%
16	“Standard Insurance”	7,595,014.48	2,695,350.86	35.49%	41.70%
17	“Atasigorta”	4,114,629.90	1,377,988.58	33.49%	20.78%
18	“Xalq Sigorta”	4,015,478.36	1,339,054.39	33.35%	28.33%
19	“Azersigorta” DSKSH	17,413,392.00	5,388,759.00	30.95%	30.02%
20	“Gunay Sigorta”	97,081.29	26,116.16	26.90%	18.35%
21	“Azsigorta”	15,108,209.10	3,768,689.74	24.94%	21.47%
22	“Azerqarant Sigorta”	315,164.16	47,418.62	15.05%	32.55%
23	“Meqa Sigorta”	4,651,701.04	494,363.40	10.63%	15.90%
24	“Ateshgah Life”	20,235,216.71	1,899,346.39	9.39%	8.93%
25	“Pasha Life”	19,485,582.05	913,788.05	4.69%	2.56%
26	“Qala Life”	10,213,752.87	103,115.96	1.01%	3.20%
27	“Chartis Azerbaijan”	39,186.21	272.00	0.69%	68.99%
28	“Silk Way Insurance”	8,690,131.26	40,422.08	0.47%	0.66%
	Total	186,911,200.4	55,211,550.42	29.54%	28.98%