Azerbaijan-based insurers ranking for market share of payments

Azerbaijan-based insurers ranking for market share of payments
# 16 January 2018 09:22 (UTC +04:00)

APA-Economics regularly provides ranking of Azerbaijan-based financial organizations for their various figures and financial performance. In the table below, insurers are ranked by market share of payments during January-December 2017.

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Insurers

Payments (AZN)

Market share

1

“Pasha Life Insurance”

58,004,591.98

22.56%

2

“Ateshgah Life”

55,046,153.06

21.41%

3

“Pasha Insurance”

43,439,060.83

16.90%

4

“Gala Life”

17,582,577.22

6.84%

5

“Ateshgah”

15,794,315.91

6.14%

6

AzerSigorta

12,370,915

4.81%

7

“AXA MBASK”

12,333,516.54

4.80%

8

“AzSigorta”

9,112,596.39

3.54%

9

“A-Group”

8,098,874.04

3.15%

10

“Standard Insurance”

5,555,676.59

2.16%

11

“AtaSigorta”

5,020,016.86

1.95%

12

“Xalq Sigorta”

3,965,208.89

1.54%

13

“Azerbaijan Industry Insurance”

3,360,612.24

1.31%

14

“Mega Insurance”

3,147,533.72

1.22%

15

“Silk Way Insurance”

1,788,886.16

0.70%

16

“Gunay Insurance”

1,154,546.04

0.45%

17

“Revan Insurance”

546,891.34

0.21%

18

“Qala Insurance”

423,725.63

0.16%

19

“Baki Insurance”

283,221.09

0.11%

20

“Amrah Insurance”

72,446.16

0.03%

21

"Nakhchivansigorta"

8,231.75

0.00%

Total

257,109,597.44

100%

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