Bank Of Baku

Chartis Azerbaijan insurance company gets 9% rise in premiums

Chartis Azerbaijan insurance company gets 9% rise in premiums
# 16 December 2010 09:11 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Chartis Azerbaijan (former AIG Caspian) Insurance Company collected AZN 1.688 mln insurance premium during January-November, 2010, up 8.8% compared to a year ago.

Company says the payments on insurance risks decreased by 4.5 times to AZN 266 000.

Most of premium came from Fire and other perils insurance (AZN 696.559 thousand), General liability insurance (AZN 485.908 thousand) and Fire insurance (AZN 316 000).

Most payments went to staffs’ insurance from fraud (AZN 255.643 thousand) and Personal accident insurance (AZN 5.600 thousand).

Chartis Azerbaijan has been in operation since 1999.
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