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Azerbaijan has reported on insurers that recorded decline in costs

21.04.2021,11:30


April 21, Fineko/abc.az. The expenditures of six out of the 18 insurance companies operating in Azerbaijan last year turned out less than in the previous year.

ABC.AZ reports with reference to the ranking that among them are Qala Həyat Sığorta, PAŞA Həyat Sığorta, PAŞA Sığorta, Atəşgah Həyat Sığorta, Bakı Sığorta, and Günay Sığorta. The largest decrease was recorded on Günay Sığorta (42%), and the smallest on Qala Həyat Sığorta (9%).

Two insurers, Xalq Həyat Sığorta and Xalq Sığorta, made financial profit last year, but the year before last they suffered financial losses. Therefore, it was not possible to calculate the dynamics of the financial profit-loss of these companies.