Bank Of Baku

Baku Insurance sees 29% drop in 1Q premiums

Baku Insurance sees 29% drop in 1Q premiums
# 22 April 2009 16:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Baku Insurance earned AZN 975 464 in premiums during January-March, down 29% from a year ago.

The company said premiums came most from vehicle insurance, health insurance and compulsory insurance.

The insurer paid AZN 73 991 or insurance claims during the first quarter, down 17.7% from the same period last year.

Baku Insurance, owned by Bank Respublika, has been in operation since August 2007.
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