Insurers that report about declined and increased premiums


July 27, Fineko/abc.az. The latest state of the insurance market in Azerbaijan has been unveiled.

ABC.AZ reports with reference to the Central Bank that in the 1st half of 2020 some companies observed the reduction in its premiums.

In particular, the premiums of Ravan Sigorta (16.5%), Mega Sigorta (10.3%) and Azsigorta (10.2%) declined.

Along with the decrease in premiums, some insurers report about an increase on their premiums. For example, for Jan-Jun the largest growth is reported by such insurers as Paşa Həyat (AZN 23.5 million), Pasha Sığorta (AZN 11 million) and Qala Sığorta (AZN 6.4 million) and the biggest decline was recorded on Atəşgah (AZN 5.3 million), Atasığorta (AZN 2.06 million) and Meqa Sığorta (AZN 1.5 million).