Bank Of Baku

AtaSigorta gets 21% rise in insurance premiums

AtaSigorta gets 21% rise in insurance premiums
# 16 April 2009 11:48 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AtaSigorta Insurance Company earned AZN 1.037 million in premiums during January-March, up 21% from the same period last year.

The company said payment for insurance claims fell by 13.8% to AZN 121 000.

Premiums most came from health insurance while insurance claims most came from motor insurance.

The company’s revenue reached AZN 1.046 million and expenditure AZ 828 000.

Profit made AZN 208 000, up AZN 69 800 from the forecast.

AtaSigorta, owned by AtaHolding Group, has been in operation since 2004.
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