Bank Of Baku

Azergarant sees 80% rise in premiums

Azergarant sees 80% rise in premiums
# 11 October 2010 11:13 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Azergarant Insurance Company collected AZN 736.860 thousand insurance premium during January-September, 2010, up 78% compared with a year ago.

Company says payments on insurance risks rose 2.5% to AZN 72.543 thousand, during the same period.

Most of the premiums came from Personal accident and sickness insurance (AZN 311.802 thousand), compulsory property insurance of car owners (AZN 198.947 thousand), property insurance (AZN 122.882 thousand).

Most of the payments went to Personal accident and sickness insurance (AZN 31.475 thousand), compulsory property insurance of car owners (AZN 20.113 thousand).

Azergarant has been in operation since 1993. The company operates 23 voluntary and 4 compulsory insurance types.
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