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Azerbaijan-based insurers ranking for payments/premiums ratio

31 October 2016 08:22 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. 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 payments/premiums ratio during January-September 2016.

â„–	Insurers	Payments(AZN)	Premiums (AZN)	Ratio (% or times)
1	“Amrah Insurance”	126,750	49,561	2.56 times
2	“Buta Insurance”	1,198,235	593,951	2.02 times
3	“A-Group Insurance”	6,073,549	3,110,212	1.95 times
4	“Alfa Insurance”	811,624	1,021,138	79.48%
5	“Ateshgah Life”	20,430,970	27,896,806	73.24%
6	“Revan Insurance”	603,069	828,149	72.82%
7	“Qala Life”	19,001,140	26,373,765	72.05%
8	“Baki Insurance”	560,308	794,615	70.51%
9	“International Insurance Company”	2,731,284	3,900,279	70.03%
10	“Xalq Insurance”	4,478,072	8,254,936	54.25%
11	“Azerbaijan Industry Insurance”	2,352,455	5,175,819	45.45%
12	“Azerqarant Insurance”	98,779	238,040	41.50%
13	“Pasha Life Insurance”	25,596,742	61,803,056	41.42%
14	“Pasha Insurance”	33,159,900	81,220,485	40.83%
15	“AXA MBASK”	6,760,767	17,276,470	39.13%
16	“Ateshgah”	11,420,433	30,246,369	37.76%
17	“Standard Insurance”	6,330,840	17,423,863	36.33%
18	“AzSigorta”	5,741,725	16,280,444	35.27%
19	“Azersigorta”	12,532,450	36,614,546	34.23%
20	“AtaSigorta”	2,536,445	7,798,280	32.53%
21	“Bashak Inam Insurance”	128,791	500,119	25.75%
22	“Silk Way Insurance”	2,219,695	18,266,210	12.15%
23	“Mega Insurance”	2,103,272	18,631,455	11.29%
24	“Gunay Insurance”	72,412	2,307,759	3.14%
25	“Qala Insurance”	0	3,730,685	0%
	Total	166,971,916	390,337,011	42.78%