BAKU, Azerbaijan, April 2. The payments of
leading insurance companies in Azerbaijan totaled 148.8 million
manat ($87.5 million) from January through February 2026.
The data obtained by Trend from the Central Bank of Azerbaijan (CBA) shows
that during the reporting period, the volume of insurance payments
was headed by PASHA Life Insurance OJSC, which accounted for 86
million manat ($50.59 million). The second position in the ranking
was secured by PASHA Insurance OJSC with total payments of 24.77
million manat ($14.57 million), and the third position was held by
Ateshgah Life Insurance OJSC with payments of 12.48 million manat
($7.3 million).
Below is the ranking of Azerbaijani insurance companies by the
volume of insurance payments for the first two months of this
year:
Name of insurance company | Payments |
PASHA Life Insurance Company | 86 million manat ($50.59 million) |
PASHA Insurance Company | 24.77 million manat ($14.57 million) |
Ateshgah Life Insurance Company | 12.48 million manat ($7.3 million) |
Ateshgah Insurance Company | 7.48 million manat ($4.4 million) |
Gala Insurance Company | 4.3 million manat ($2.5 million) |
Azerbaijan Industry Insurance Company | 3 million manat ($1.7 million) |
Mega Insurance Company | 2.56 million manat ($1.5 million) |
A-Group Insurance Company | 1.9 million manat ($510,000) |
Xalq Insurance Company | 1.68 million manat ($510,000) |
Xalq Life Insurance Company | 1.5 million manat ($880,000) |
AtaInsurance OJSC | 1.3 million manat ($760,000) |
Mega Life Insurance Company | 583,000 manat ($342,940) |
Gala Life Insurance Company | 498,000 manat ($292,940) |
Azinsurance Company | 251,000 manat ($147,650) |
Silkway Insurance Company | - |
