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Azerbaijan-based insurers ranking for payment/premium ratio

16 January 2018 09:18 (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 rate during January-December 2017.

â„–	Insurers	Premiums	Payments	Ratio
1	“Amrah Insurance”	21,548.45	72,446.16	3.36 times
2	“Ateshgah Life”	38,369,909.56	55,046,153.06	1.43 times
3	“Gala Life”	19,893,537.72	17,582,577.22	88.38%
4	“Revan Insurance”	690,342.51	546,891.34	79.22%
5	“A-Group Insurance”	12,689,677.02	8,098,874.04	63.82%
6	“AXA MBASK”	22,285,599.84	12,333,516.54	55.34%
7	“Xalq Insurance”	7,788,809.12	3,965,208.89	50.91%
8	“Azerbaijan Industry Insurance”	7,227,671.04	3,360,612.24	46.50%
9	“Standard Insurance”	12,594,880.12	5,555,676.59	44.11%
10	“Pasha Insurance”	10,7569,005.2	43,439,060.83	40.38%
11	“Ateshgah”	39,125,941.47	15,794,315.91	40.37%
12	“Pasha Life Insurance”	15,2757,723.3	58,004,591.98	37.97%
13	“AtaSigorta”	13,715,792.88	5,020,016.86	36.60%
14	“AzSigorta”	25,317,135.81	9,112,596.39	35.99%
15	AzeSigortai	40,444,876	12,370,915	30.59%
16	“Baki Insurance”	1,299,250.33	283,221.09	21.80%
17	“Mega Insurance”	16,854,267.59	3,147,533.72	18.67%
18	“Gunay Insurance”	9,505,175.86	1,154,546.04	12.15%
19	“Silk Way Insurance”	17,682,489.47	1,788,886.16	10.12%
20	"Nakhchivansigorta"	121,601.01	8,231.75	6.77%
21	“Gala Insurance”	10,911,344.31	423,725.63	3.88%
	Total	556,866,578.6	257,109,597.4	46.17%