12:52 - 26.10.2023

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October 26, Fineko/abc.az. By the end of Jan-Sept 2023, out of 20 insurance companies in Azerbaijan, the premiums of 14 insurers increased versus Jan-Sept 2022 and and premiums of six insurers decreased.

ABC.AZ informs that according to the CBA, the largest increase on premiums compared with Jan-Sept 2022 was recorded on Azərsığorta OJSC.

This company gathered AZN 26.678 million of premiums in 9 months (2.8-fold more than 1 year ago).

The smallest increase on premiums was registered on Naxçıvan Sığorta OJSC. Revenues from this company amounted to AZN 2.126 million (21.3% more than a year ago).

The worst situation among the companies whose premiums declined was observed on Xalq Sığorta. Company’s revenue decreased by 43.4% to AZN 17.094 million.

And the best situation with reduction off   premiums is with A-Qrup Sığorta. This company’s premiums decreased by 6.4% to AZN 12.358 million.