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

Finance

10 August, 2016
09:46

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

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

The table below shows the ranking of insurance companies:

No	Insurance companies	Annual dynamics %
1	Gunay Insurance	2 828,29
2	Azerinsurance	67,80
3	PASHA Insurance	63,70
4	Gala Life Insurance	48,27
5	Azergarant Insurance	43,78
6	PASHA Life Insurance	37,36
7	Standard İnsurance	30,52
8	AXA-Mbask	27,50
9	Mega İnsurance	21,77
10	Silkway Insurance	14,33
11	Xalg Insurance	12,35
12	Ateshgah Life Insurance	- 7,87
13	AtaInsurance	- 8,50
14	A-Group Insurance	- 13,40
15	Ateshgah Insurance	- 18,90
16	Bashak Inam Insurance	- 34,18
17	AzInsurance	- 36,26
18	Ravan Insurance	- 39,34
19	Azerbaijan Industry Insurance	45,37
20	Buta Insurance	- 53,31
21	International Insurance Company	- 59,03
22	Alfa Insurance	- 61,31
23	Baku Insurance	- 63,54
24	Amrah Insurance	- 90,11
25	Qala Insurance*	-

"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 During January-June 2015, "Chartis Azerbaijan 's collections repealed.

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