PASHA Life Insurance heads Q1 market

[ 22 April 2015 15:24 ]

Baku. Musa Ahmadov - APA-Economics. In the first quarter of 2015, PASHA Life Insurance’s assets rose 15.4% to AZN 106 mln, investment portfolio increased 6.8% or AZN 5.5 mln to AZN 86 mln.

Company says the insurance premiums surged AZN 4.9 mln or 54.4% to AZN 14 mln, payments soared AZN 1.1 mln or 3.5 times to AZN 1.5 mln.

Insurance reserves ascended AZN 10.7 mln or 23.4% to AZN 56.3 mln. According to outcomes of the first quarter, PASHA Life Insurance heads the life insurance market wit the share of 44% on insurance proceeds.  

PASHA Life Insurance has been in operation since February, 2011. As of April 1, 2015, the authorized capital made AZN 40.250 mln.