Life insurance is supporting the market's growth, having increased by more than 30% at the end of the year and taking over half of the total premium portfolio. At the same time, non-life insurance registered rather moderate growth (only by 2.40%).
It should be noted that paid claims at the end of the year decreased in non-life insurance, while paid claims of life insurers increased slightly.
Of the 20 active insurers at the end of 2022, PASHA LIFE (AZN 413.30 million) holds the leadership in the market, while PASHA Insurance (AZN 215.13 million manats) still ranks second. These two companies account for more than 64% of all market volume.
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