AZERBAIJAN: PASHA Life Insurance maintains its leading position in the market

10 November 2022 —
PASHA Life Insurance, the leading life insurer in Azerbaijan, maintained its leading positions in the insurance market in general and growth trends in the third quarter of this year. The company's capital amounted to AZN 62 million, total assets - to AZN 519 million (~EUR 310.77 million), which is 30% more y-o-y, Trend reports.

Total paid claims of PASHA Life Insurance for the period amounted to AZN 160 million, with AZN 142 million falling on accumulative life insurance and AZN 1.6 million - on compulsory life insurance.

GWP from accumulative life insurance amounted to AZN 314 million, which is 34% more than a year earlier for the same period. As a result, the company's total revenue for the third quarter reached AZN 16.4 million.

PASHA Life Insurance has been operating since November 2010. The company offers its clients various life insurance products, including Compulsory Accident and Occupational Disease Insurance, Accumulative life insurance and other individual and corporate life insurance products.

*EUR 1 = AZN 1.67 (01.10.2022)