AXA MBASK sees 11% rise in premium

AXA MBASK sees 11% rise in premium
# 18 January 2011 10:50 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. AXA MBASK has earned AZN 8.389 mln insurance premium in 2010, up 11% in comparison to a year ago.

Company says most of premium came from Vehicle Insurance (AZN 5.219 mln), Property Fire Insurance (AZN 933.583 thousand), Health Insurance (AZN 710.589 thousand) and Personal Accident and Sickness Insurance (AZN 510.918 thousand).

At the same time, company collected AZN 8.287 mln insurance premium from voluntary insurance types, AZN 101.614 thousand from compulsory insurance types.

Company’s payment on insurance risks slipped 43.3% to AZN 3.535 mln. AZN 2.367 mln payment went to Vehicle insurance, AZN 912.4 thousand to Health Insurance and AZN 115.4 thousand to Property Fire Insurance.

Company paid AZN 3.471 mln for voluntary insurance types, AZN 63.691 thousand for compulsory types.

AXA MBASK has been in operation since 1992. The company operates 29 insurance types.
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