Bank Of Baku

Premiums of International Insurance Company exceeds AZN 8 mln.

Premiums of International Insurance Company exceeds AZN 8 mln.
# 24 November 2010 09:37 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based International Insurance Company collected AZN 8.280 mln insurance premium during January-October, 2010. According to company, the payment on insurance risks made ANZ 4.378 mln.

Most of premium came from Motor vehicle insurance (AZN 3.178 mln), Health Insurance (AZN 2.394 mln), Fire insurance (AZN 574.718 thousand), Casco insurance of ships (AZN 299.574 thousand).

The company collected AZN 7.356 mln from voluntary insurance types, AZN 924.139 thousand from compulsory insurance types. At the same time, AZN 4.344 mln payment went to voluntary insurance types, AZN 33.653 thousand to compulsory insurance types.

Most of payments went to Health Insurance (AZN 2.335 mln) and Motor vehicles insurance (AZN 1.894 mln).

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