Bank Of Baku

Azergarant Company sees 84% decline in insurance payments

Azergarant Company sees 84% decline in insurance payments
# 13 July 2010 16:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Azergarant collected AZN 290.236 thousand insurance premiums in January0June, 2010, down 9.3% compared with a year ago.

Company says the insurance payments on insurance risks decreased by 84.3% to AZN 10.995 thousand during the same period.

Most of insurance premiums came from Personal accident insurance (AZN 135.255 thousand), CASCO insurance (AZN 44.204 thousand).

Most of payments went to CASCO insurance (AZN 8.045 thousand), and medical insurance (AZN 889 000)

Owned by several individuals Azergarant Company has been in operation since 1993. The company operates 23 voluntary and 4 compulsory insurance types.
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