PASHA Insurance

“PASHA Insurance” Open Joint Stock Company (PASHA Insurance or PASHA Insurance OJSC) is a recognized leader in non-life insurance market of Azerbaijan.

Founded in 2006, PASHA Insurance provides its customers with guarantee for their comfort. The value of the Company’s authorized capital is AZN 50 million, which provides PASHA Insurance with necessary financial capacity to perform its insurance liabilities confidently and guarantees its solvency. In addition, sufficient availability of internal funds creates a potential for further development of the Company.

As of 31 December, 2023, the Company’s assets exceeded AZN* 257 million, while its total capital amounted to AZN 88.4 million.

On 8 February 2024, S&P Global Ratings revised its outlook on PASHA Insurance to positive from stable. At the same time, it affirmed 'BB' long-term issuer credit and financial strength ratings. PASHA Insurance operates according to requirements of ISO 10001:2018- Quality Management Systems.

The Company offers 36 types of compulsory and voluntary insurance services for around 300.000 individuals and legal entities.