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Azerbaijan-based insurers ranking for payments/premiums ratio

26 October 2017 15:16 (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 payments/premiums ratio during January-September 2017.

â„–	Insurers	Payment (AZN)	Premium (AZN)	Ratio (% or times)
1	“Amrah Insurance”	58,384.16	15,801.1	3.69 fold
2	“Bashak Inam ”	35,924.78	20,503.48	1.75 fold
3	“A-Group ”	5,684,691.27	3,398,694.29	1.67fold
4	“Ateshgah Life”	38,563,497.26	25,870,451.48	1.49 fold
5	“Qala Life”	14,420,574.39	14,145,020.06	1.02 fold
6	“Revan Insurance”	452,731.82	447,624.93	1.01 fold
7	“Xalq Insurance”	3,198,181.74	5,269,129.25	60.70%
8	“AXA MBASK”	9,421,835.2	17,139,255.5	54.97%
9	“Standard Insurance”	4,467,310.22	10,114,345.27	44.17%
10	“Azerbaijan Industry Insurance”	2,726,320.84	6,267,296.85	43.50%
11	“Ateshgah”	11,662,064.71	27,857,207.48	41.86%
12	Azersigorta	9471,384	23,275,534	40.69%
13	“Pasha Insurance”	35,160,967.3	93,613,710.87	37.56%
14	“AzSigorta”	6,672,510.07	18,794,638.87	35.50%
15	“Pasha life Insurance”	38,287,872.56	11,2191,908.5	34.13%
16	“AtaSigorta”	3,214,678.18	9,490,814.28	33.87%
17	“Baki Insurance”	212,916.43	1,075,770.82	19.79%
18	“Mega Insurance”	2,180,117.4	14,394,570.46	15.15%
19	"Nakhchivansigorta"	8,015	68,015.19	11.78%
20	“Silk Way Insurance”	1,777,166.18	16,705,981.95	10.64%
21	“Gunay Insurance”	702,168.05	6,649,642.62	10.56%
22	“Qala Insurance”	200,418.63	7,546,807.69	2.66%
	Total	188,579,730.19	414,352,724.97	45.51%