Bank Of Baku

AIG Caspian Insurance sees 7-fold rise in claims

AIG Caspian Insurance sees 7-fold rise in claims
# 07 January 2010 17:18 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based American International Group Caspian Insurance Company (AIG Caspian), a US-Azeri Joint Venture, earned AZN 1.652 million in insurance premiums during 2009, up 1.66% from a year ago.

The bank’s financial services officer Elmar islam said payment for insurance claims increased by 6.7 times to AZN 1.188 million.

Owned by Caravan Investment (51%) and American International Group Inc. (49%), AIG Caspian Insurance has been in operation since 1999.
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