Bank Of Baku

Alfa Sigorta to increase premium by 2.4 times this year

Alfa Sigorta to increase premium by 2.4 times this year
# 11 November 2010 13:26 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Alfa Sigorta’s premium will increase by 6% to 2 mln, by the end of this year, chairman of Supervisory Board Khayal Mammadkhanli told APA.

According to him the 10-minth index is up 2.4 times, compared with a year ago: “Generally, company intends to collect AZN 2 mln insurance premium. We’ve collected AZN 1.9 mln during 10 months, 2010 and this shows that will fulfill the forecast until the end of 2010. At the same time, insurance payments made AZN 170 000. Most of them went to Motor vehicles insurance, Personal accident insurance and Animal insurance”.

Company’s profit rose 15% to AZN 0.5 mln.

Alfa Sigorta has been in operation since 1997. The company operates 25 insurance types.
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