Bank Of Baku

Azersigorta decreases insurance payments by 11%

Azersigorta decreases insurance payments by 11%
# 12 January 2011 11:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Azersigorta Company has collected AZN 24.185 mln insurance premium in 2010, down 7% in comparison to a year ago.

Bank says AZN 1.469 mln came from Property Fire Insurance, AZN 1.422 mln from Personal Accident & Sickness Insurance, AZN 939.898 thousand from Compulsory Motor Vehicle Liability Insurance, AZN 434.647 thousand from Vehicle’s voluntary insurance.

Payment has decreased by 11% to AZN 10.711 mln. Most of payments went to Property Fire Insurance (AZN 1.960 mln), Vehicle’s voluntary insurance (AZN 499.428 thousand), Personal Accident & Sickness Insurance (AZN 469.901 thousand) and Compulsory Motor Vehicle Liability Insurance (AZN 151.893 thousand).

Azersigorta has been in operation since 1991. The company operates 10 compulsory and 20 voluntary insurance types.
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