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Politics

Azerbaijanâ€™s Ateshgah, AzAL-Sighorta and Standard Insurance leading for collected premiums

30 March 2007 14:34 (UTC +04:00)

The company collected AZN 13.750mln in premiums or 15.57% of the total collections in insurance. The second comes AzAL-Sighorta (AZN 13.45mln) and the third is Standard Insurance (AZN 8.39mln). Nishan Joint Stock Company rounds out the list (AZN 2.000).
The companies paid a total of AZN 43.620mln for insurance claims. Ateshgah also leads the list here. It paid AZN 14.770mln or 33.86% of the total payments for claims.
AzAL-Sighorta is the second (AZN 9.79mln) and AzerSighorta State Company is the third (AZN 3.84mln) in the list.
APA-Economics drew the ranking table of Azerbaijanâ€™s insurance companies.

	Ranking of insurers for the amount of premiums they collected during 2006 (AZN. mln)
	Insurers	Amount
1	Ateshgah JV	13.75
2	Azal-SÄ±ghorta	13.45
3	Standard Ä°nsurance LLC	8.39
4	MBASK JS	7.67
5	AzersÄ±ghorta State Company	6.35
6	International Insurance Company LLC	5.93
7	A-Group CJSC	4.88
8	Khalg Sighorta LLC	4.02
9	EraTrans	3.58
10	AIG Caspian Ä°nsurance Company Ltd	3.53
11	AtaSÄ±ghorta OJSC	3.08
12	Bashak-Ä°nam Insurance and Reinsurance JV	2.41
13	CÄ° SÄ±ghorta	1.72
14	Thames Insurance Group CJSC	1.57
15	Azer-Asia JV	1.3
16	BE&G Insurance and Reinsurance	1.12
17	GÃ¼nay-Anadolu JV	1.08
18	Alfa LLC	0.98
19	Qorqud	0.97
20	Absheron Joint-Stock	0.54
21	Azergarant Joint Stock	0.43
22	Emrah Insurance	0.42
23	TuralsÄ±ghorta Joint Stock	0.33
24	Star Alyans	0.32
25	PASHA Insurance	0.25
26	Fidan LLC	0.09
27	Caucasus Insurance	0.05
28	AzSÄ±ghorta LLC	0.05
29	Nishan Joint Stock	0.02
License canceled
1	Qafqaz	0.05
	Total	88.33

Payment made for insurance claims by insurers during 2006 (AZN mln)
Insurers	Amount
Ateshgah JV	14.77
AzAL-SÄ±ghorta	9.79
AzerSÄ±ghorta	3.84
A-Group	2.19
MBASK	2.11
Standard Ä°nsurance	1.97
International Insurance Company	1.55
BE&G	1.09
Bashak-Ä°nam	1.06
Khalq SÄ±ghorta	1.03
Azer-Asia	0.68
EraTrans	0.64
Qorqud	0.59
AtasÄ±ghorta	0.42
CÄ° SÄ±ghorta	0.34
Absheron	0.34
GÃ¼nay-Anadolu	0.28
Star Alyans	0.24
Alfa	0.15
Thames Insurance Group	0.11
Azergarant	0.2
TuralsÄ±ghorta	0.1
AIG Caspian Ä°nsurance Company Ltd	0.04
Fidan LLC	0.04
Emrah Insurance	0.02
AzSÄ±ghorta	0
PASHA Insurance	0
Caucasus Insurance	0
Nishan	0
License canceled
Qafqaz	0.01
Total	43.62