Bank Of Baku

Azerbaijan Industry Insurance gets 14% rise in premium

Azerbaijan Industry Insurance gets 14% rise in premium
# 11 January 2011 11:12 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan Industry Insurance Company has collected AZN 5.161 mln insurance premium, in2010, up 14.4% compared to a year ago.

Company says payments on insurance risks rose by 2.1 times to AZN 1.673 mln, during the same period.

The company earned AZN 4.623 mln on voluntary insurance types, AZN 538.717 thousand on compulsory insurance types.

Most of premiums came from Cargo insurance (AZN 2.786 mln), Health insurance (AZN 526.852 thousand), Property fire insurance (AZN 481.436 thousand)

AZN 1.664 mln went to voluntary insurance types, AZN 8.860 thousand – compulsory types. Most of payments went to cargo insurance (AZN 998.567 thousand), Health insurance (AZN 204.736 thousand), Property Fire Insurance (AZN 179.584 thousand).

Remind that, AII has been in operation since 1996. The company operates 22 voluntary and 4 compulsory insurance types.
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