Bank Of Baku

AzSigorta achieves 57% increase in premiums

AzSigorta achieves 57% increase in premiums
# 13 April 2009 14:48 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AzSigorta Insurance Company earned AZN 3.080 million during January-March, up 57.4% from the same period last year.

Khayal Mammadkhanli, Deputy Chairman of the Board, said payments for insurance claims increased 3.8 times to AZN 940 457.

According to him, premiums mast came from Aircraft Insurance and insurance claims most came from Property Insurance.

AzSigorta has been in operation since December 2006.

It provides services for 25 voluntary and 3 compulsory types of insurance through 7 branches and more than 40 local offices.


* For 13 April, the USD exchange rate is AZN 0.8032.
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