Finance

Finance

AtaInsurance gets termless license

17 November 2009 13:24 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. â€œAtaInsuranceâ€ has got a termless insurance license of the date November 10, 2009 for its insurance activity from the Ministry of Finance of Azerbaijan Republic, the company said in a press release.

â€œAtaInsuranceâ€ company provides services on 26 classes of insurance, 21 of which are voluntary and 5 are compulsory.

The companyâ€™s product offerings are extensive which include traditional property insurance, motor insurance, compulsory and voluntary motor third party liability insurance, employerâ€™s liability insurance, cargo insurance, construction insurance, medical insurance, personal accident insurance, banking insurance (BBB) and etc.
Total volume of the premiums of the company for the 10 months of 2009 has made 2,38 million manat, and insurance claims has made 0,58 million manat.â€œAtaInsuranceâ€ has been operating in the insurance market since 2004. The company was founded by â€œAtaHoldingâ€ OJSC has its authorized capital in amount of USD 2 (two) million manats.