Ranking of insurance companies in Azerbaijan by insurance premium amounts (January-October, 2024)

Finance
  • 26 November, 2024
  • 10:31
Ranking of insurance companies in Azerbaijan by insurance premium amounts (January-October, 2024)

Report presents the ranking of insurance companies operating in Azerbaijan based on the amount of insurance premiums collected in January-October of the current year, according to the Central Bank of Azerbaijan:

№

Insurance companies

Insurance premiums (manats)

Annual dynamics

1

PASHA Life Insurance

500,177,000

14.4%

2

PASHA Insurance

263,550,000

5.8%

3

Ateshgah Life Insurance

70,814,000

29.7%

4

Gala Insurance

66,446,000

32%

5

Ateshgah Insurance

52,894,000

55.3%

6

Mega Insurance

29,972,000

11.2%

7

Azerbaijan Industry Insurance

21,346,000

31.8%

8

Gala Life Insurance

20,361,000

-5.1%

9

Xalq Insurance

19,787,000

5.9%

10

Agro Insurance

12,449,000

-15.8%

11

A-Group Insurance

11,951,000

-10.4%

12

Mega Life Insurance

9,606,000

144%

13

Xalq Life Insurance

9,324,000

10.5%

14

Atainsurance

8,767,000

6.2%

15

Azinsurance

7,754,000

7.9%

16

Silkway Insurance

5,306,000

-65.9%

17

Baku Insurance

1,524,000

-65.1%

Insurance companies with revoked licenses

-

-100%

Total

1,112,027,000

9%

1 manat = $0.58 (as of November 26, 2024)