Bank Of Baku

Xalg Sigorta increases premiums by 2.4 times

Xalg Sigorta increases premiums by 2.4 times
# 27 August 2010 12:43 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Xalg Sigorta Insurance Company collected AZN 4.387 mln during January-June, 2010, up by 2.4 times compared with a year ago.

Company says the payments on insurance risks rose b y 89% to AZN 871.3 thousands.

The company earned AZN 4.309 mln on voluntary insurance types, AZN 77.197 thousands on compulsory.

AZN 861.574 thousands of payments was voluntary, AZN 9.275 thousands was compulsory.

Profit made AZN 824.872 thousands during the same period. The number of signed contracts by the company reached 7 744. 7 039 of these were voluntary insurance contract.

Xalg Sigorta has been in operation since 2005. The company operates 26 insurance types.
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