AZERBAIJAN: in January-July PASHA Life and PASHA Insurance premiums increase by more than 30% y-o-y

18 September 2023 — Marina MAGNAVAL
During January-July of this year, the leader of the Azerbaijani insurance market, PASHA Həyat (PASHA Life), collected AZN 327 million (EUR 174.86 million), which is 32% more y-o-y, ABC.AZ reports.

Over the past year, the company's paid claims increased by 26.5% to AZN 150.9 million.

The second market leader, PASHA Insurance, collected AZN 188.9 million (EUR 101.01 million) in premiums, which is 37.4% more than in the first seven months of 2022.

Over the past year, paid claims of PASHA Insurance increased by 8.4% and amounted to AZN 45.1 million, the source reports.

*EUR 1 = AZN 1.87 (01.08.2023)