Ranking of insurance companies in Azerbaijan by amount of expenses (2024)

№

Insurance companies

Expenses

(million manats)

YoY change

1

PASHA Life Insurance

501.562

50.6%

2

PASHA Insurance

299.837

10.3%

3

Ateshgah Life Insurance

68.214

75.5%

4

Ateshgah Insurance

65.460

73.1%

5

Gala Insurance

59.901

39.2%

6

Mega Insurance

33.047

27.5%

7

Azerbaijan Industry Insurance

25.229

-39.9%

8

Xalg Insurance

25.106

-21.3%

9

A-Group Insurance

21.497

-11.9%

10

Atainsurance

12.852

7.1%

11

Agro Insurance

12.626

11.7%

12

Gala Life Insurance

17.265

13.0%

13

Azinsurance

10.874

-40.8%

14

Xalg Life Insurance

10.855

34.1%

15

Silkway Insurance

7.253

-61.8%

16

Mega Life Insurance

6.288

130.5%

Total

1,177.866

25.9%