PASHA Life insurance reports y-o-y twofold increasing premiums

Azeri insurer PASHA Life collected AZN 52.41 million in premiums in January-April 2017, a double volume compared with the same period of 2016, the company has stated on 16 May.

Indemnities paid by PASHA Life rose by 37% or AZN 2.78 million, amounting to AZN 10.11 million during the period.

As of April 1, 2017, the authorized capital of PASHA Life OJSC totaled AZN 40.25 million

The insurer's target for the current year is of collecting insurance premiums worth AZN 102 million, the Chairman of the company's Management Board, Niyaz ISMAYILOV, stated one month ago. In 2016, insurance premiums of PASHA Life company amounted to AZN 77.679 million that is by AZN 23.15 million or 42.5% more than in 2015

PASHA Life has been operating since 2011 and it is the biggest life insurance company of Azerbaijan.

Related articles

Tougher controls of the MTPL insurance in Azerbaijan

The Azeri Financial Market Supervisory Authority (FIMSA), Ministry of Internal Affairs (MIA) and Compulsory Insurance Bureau (CIB) have concluded an agreement for exchanging information on the MTPL insurance.




BB Headlines: Rates are settled to increase following Q3 events

The main effect after the Q3 nat cat bill of over USD 100 billion: Global reinsures said - the "discounts and reductions in tariffs era" especially in European reinsurance market for the January 2018 renewals, will come to end. At the same time, some reinsurers might disappear and there are likely to be more mergers, acquisitions and run-offs processes.



Baden-Baden Reinsurance Symposium: the industry-wide impact of disruption

"In our business we are more than used to disruptions [...] But the pace of disruption has been amplified by new sources of data and by the increase in the power to collate this data", James NASH, the President, International of GUY Carpenter stated during his opening address at the Reinsurance Symposium in Baden-Baden on 22 October.


The 9th International Istanbul Insurance Conference started today in Istanbul

In emerging markets like Turkey, there can be a significant difference between the insured and total insurable losses. Parametric insurance is a smart way to close this protection gap. While the traditional products cover an insured loss, parametric products provide financial protection for various expenses from financial liabilities to contingent loss of profit which, in return, decreases the economic loss burden following a CAT event.


See all