Gunay Anadolu sees 33% decline in insurance proceeds

Gunay Anadolu sees 33% decline in insurance proceeds
# 15 January 2010 14:34 (UTC +04:00)
Baku. Elnur Huseynquluyev – APA-Economics. Gunay Anadolu Insurance Company earned $1.529 million in premiums during 2009, down 32.9% from a year ago.

The company said payment for insurance claims surged by 6.6%, year-on-year, to AZN 181 214.

Proceeds from voluntary insurance services reached AZN 1.525 million and from compulsory insurance AZN 3.792 million.

The company has been in operation since 1992. It provides 2 mandatory and 18 voluntary types of insurance services. The company is owned by Gunay Bank (34.62%) and two individuals (65.38%).
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