Ranking of Azerbaijani insurance companies on working efficiency (January-June, 2016)

Finance

10 August, 2016
11:16

Ranking of Azerbaijani insurance companies on working efficiency (January-June, 2016)

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Baku. 10 August. REPORT.AZ/ Analytical Group of Report News Agency has prepared ranking of insurance companies based in Azerbaijan on working efficiency during January-June, 2016.

The table below shows the ranking of insurance companies:

No	Insurance companies	payments and collections ratio
1	A-Group Insurance	1,70
2	Buta Insurance	1,54
3	Amrah Insurance	1,42
4	Ateshgah Life Insurance	0,84
5	Ravan Insurance	0,79
6	Alfa Insurance	0,64
7	Baku Insurance	0,64
8	Xalg Insurance	0,59
9	Azerbaijan Industry Insurance	0,59
10	Gala Life Insurance	0,56
11	International Insurance Company	0,49
12	AXA-Mbask	0,37
13	Ateshgah Insurance	0,343
14	Standard Insurance	0,335
15	AtaInsurance	0,334
16	Pasha Insurance	0,323
17	AzInsurance	0,317
18	Azerinsurance	0,27
19	PASHA Life Insurance	0,24
20	Bashak Inam İnsurance	0,197
21	Mega Insurance	0,097
22	Gunay Insurance	0,010
23	Silkway Insurance	0,004
24	Azergarant Insurance	0,003
25	Gala Insurance*	-

"Gala Insurance" company established on the basis of the "Chartis Azerbaijan" insurance company. In the second half of 2015 "AzRe Reinsurance" bought "Chartis Azerbaijan" for 6.5 mln USD changed company name to "Gala Insurance". During January-June 2015, "Chartis Azerbaijan 's collectionsrepealed.

NOTE: The initial version of the semiannual ranking published in 28.07.2016