85 percent of the insurance market is concentrated in the hands of 4 companies


"Paşa Həyat Sığorta" and "Paşa Sığorta" companies in 2022 collected more than half - 64.7% of insurance premiums in the amount of 970.8 million manats collected by 20 insurance companies operating in the country.
Yeniavaz.com reports citing information released by the Central Bank, the insurance premium collected by "Paşa Həyat Sığorta" and "Paşa Sığorta" amounted to 628.4 million manats.
Among those who collected the largest number of insurance premiums were also "Atəşgah Həyat Sığorta" and "Atəşgah Sığorta" with a collection of 83.3 million manats, "Qala Sığorta" and "Qala Həyat Sığorta" with a collection of 61.6 million manats, "Xalq Sığorta" and " Xalq Həyat Sığorta" with a collection of 50.9 million manats.
As can be seen from the figures, 84.9% of the insurance market is concentrated in the hands of 4 named companies - "Paşa", "Qala", "Atəşgah" and "Xalq". Last year, the total amount of insurance premiums collected by 4 companies amounted to 824.2 million manats.
Least of all insurance premiums were collected by "Meqa Həyat Sığorta" with collection of 2.4 million manat and "Naxçıvansığorta" with collection of 2.3 million manat.

A. Jafarov

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