Bank Of Baku

Azersigorta sees 10% decline in premiums

Azersigorta sees 10% decline in premiums
# 07 July 2010 15:03 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Azersigorta State Insurance Commercial Company collected AZN 11.315 mln in January-June, down 10% compared with a year ago, company’s spokesman Afghan Mirzayev told APA.

According to him, the insurance claims decreased by 9% to AZN 5.077 mln year-on-year. Totally, AZN 9 mln insurance premium was collected on the compulsory insurance type. Voluntary insurance type made AZN 2.5 mln.

Azersigorta State Insurance Commercial Company has been in operation since 1991. The company operates 10 compulsory and 20 voluntary insurance types.
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