Ranking of Azerbaijani insurance companies on dynamics of payments (January-June, 2016)

Baku. 10 August. REPORT.AZ/ Analytical Group of Report News Agency has prepared ranking of insurance companies based in Azerbaijan on dynamics of payments during January-June, 2016.

The table below shows the ranking of insurance companies:

NoInsurance companiesDynamics %
1Ateshgah Life Insurance107,51
2Silkway Insurance83,11
3Xalg Insurance81,69
4PASHA Life Insurance63,18
5Azerinsurance50,17
6PASHA Insurance48,20
7Mega Insurance26,52
8A-Group Insurance18,57
9Standard Insurance15,86
10Ateshgah Insurance- 2,91
11AzInsurance- 9,79
12AtaInsurance- 17,33
13International Insurance Company - 24,43
14Ravan Insurance- 26,05
15Azerbaijan Industry Insurance- 28,03
16Alfa Insurance- 28,76
17AXA-Mbask- 29,22
18Gala Life Insurance- 41,34
19Azergarant- 57,74
20Baku Insurance- 59,06
21Bashak Inam Insurance- 71,78
22Gunay Insurance- 75,17
23Amrah Insurance- 76,31
24Buta Insurance- 76,32
25Gala Insurance- 100,00

"Gala Insurance" company established on the basis of the "Chartis Azerbaijan" insurance company. In the second half of 2015 "AzRe Reinsurance" bought "Chartis Azerbaijan" for 6.5 mln USD changed company name to "Gala Insurance". During January-June 2015, "Chartis Azerbaijan 's collectionsrepealed.

NOTE: The initial version of the semiannual ranking published in 28.07.2016

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