Bank Of Baku

International Insurance Company earns near AZN 8 mln insurance premium in January-September

International Insurance Company earns near AZN 8 mln insurance premium in January-September
# 04 November 2010 11:04 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-base International Insurance Company collected AZN 7.888 mln insurance premium in January-September, 2010.

Company says the payments on insurance risks made AZN 3.842 mln. Most of premium came from Vehicle insurance (AZN 2.926 mln) and Health insurance (AZN 2.347 mln).

Company collected AZN 6.997 mln on voluntary insurance types and AZN 891.636 thousand on compulsory insurance types, during the same period.

At the same time, company paid AZN 3.813 mln on voluntary insurance types and AZN 29 800 on compulsory insurance types.

Most of the payment went to Health insurance (AZN 2.072 mln) and Vehicle insurance (AZN 1.680 mln).

IIC has been in operation since 2002. The company operates 37 insurance types.
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