It is noteworthy that the market growth has been supported by life insurance, growth rates of which were quite impressive - almost 53%, and the share in the market portfolio reached almost 41%. On the other hand, non-life insurance decreased by about 15% to AZN 153.23 million.
According to the results of the first three months of the year, total paid claims dropped significantly compared to the same period last year - by almost 58%, to AZN 61.23 million (EUR 32.27 million). Significant reductions were observed in both life and non-life insurance.
Of the 20 active insurers, PASHA LIFE is the leader in the market with a share of over 33% and GWP in the amount of AZN 86.30 million, followed by PASHA Insurance with a small margin (AZN 85.36 million). It's worth noting that these companies have exchanged their places in the ranking compared to the first quarter of 2021.
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