Bank Of Baku

Azerbaijan Industry Insurance more than doubles premium collection

Azerbaijan Industry Insurance more than doubles premium collection
# 22 April 2009 16:04 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan Industry Insurance earned AZN 929 470 in premiums during the first quarter, up 2.3 times on the same period last year.

The company said it paid AZN 116 774 for insurance claims, down 16.6% from a year ago.

Premiums came most from cargo insurance, property insurance, health insurance and fire insurance.

Insurance claims came mainly from cargo insurance and vehicle insurance.

Azerbaijan Industry Insurance, owned by Azerbaijan Industry Bank, has been in operation since 1996.

It was previously known as Capital Investment Insurance (CI Insurance).
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