Bank Of Baku

Garant Sigorta gets profit in 2010

Garant Sigorta gets profit in 2010
# 27 January 2011 12:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Garant Sigorta has collected AZN 7 mln insurance premium in 2010, up 68.8% from year earlier.

Company says most of insurance premiums came from Vehicle insurance (AZN 3 mln), Cargo insurance, Voluntary health insurance, Trip Insurance, Passengers’ compulsory insurance, Property insurance.

Besides, AZN 1.3 mln insurance premium was collected from sale sector and this makes 19% of total premiums: “Other premiums came from corporate customers. AZN 2 mln payment went to personal sale”.

Payments on risks made rose by 9.6 times to AZN 2.4 mln.

Note that, company got profit in 2010, for the first time.

Remind that, Garant Sigorta has been in operation since 2007. The company operates 18 voluntary and 4 compulsory insurance types.
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