A significant growth in terms of premiums was marked by Voluntary life insurance, Medical insurance, Fire and other perils insurance, Liability for owners of motor vehicles and other non-life insurance.
In the reporting period, in Azerbaijan have operated in total 28 insurance companies. The position of leaders in all insurance lines and a significant share have occupied by PASHA Insurance (with a market share - 28.56%) and PASHA Life (13.69% market share) - both members of PASHA Holding. AZERBAIJAN State Insurance Company is the third ranked, with a market share - 8.65%. On the following two places have occupied by ATESHAG and AESHGAH Life (6.75%).
Access www.xprimm.com and download the 4M 2016 Azerbaijani insurance market statistics.
Market portfolio and market ranking (in EUR and AZN):
- Gross written premiums
- Paid claims
- Growth rates
- Market shares