AZERBAIJAN: A-Qroup's GWP grew by 30% y-o-y in three quarters

26 October 2021 —
From January to September 2021, GWP of A-Qroup, one of the top ten market leaders in Azerbaijan, amounted to AZN 10.41 million (~EUR 5.29 million*), which is almost 30% more than in the same period in 2020, Trend reports.

As before, the bulk of the company's total GWP came from voluntary health insurance (AZN 7.86 million), while Motor Hull increased by about AZN 1 million, and property insurance almost doubled y-o-y, which demonstrates stable growth dynamics of A-Qroup.

For three quarters of 2021, A-Qroup's paid claims amounted to approximately AZN 8.34 million. The largest share was made on voluntary health insurance (AZN 7.79 million).

A-Qroup has been operating in the insurance market for over 26 years and provides a wide range of insurance services for private and corporate clients on 14 types of voluntary insurance and 3 types of compulsory insurance.

* at the following exchange rate:

1 EUR = 1.9682 AZN (01.10.2021)