New life insurance company to be established in Azerbaijan

New life insurance company to be established in Azerbaijan
# 28 January 2011 14:14 (UTC +04:00)
Baku. Elnur Huseynquluyev – APA-Economics. New life insurance company is expected to be established by Alfa Sigorta Company at I quarter of 2011, Chief of Alfa Sigorta’s board of directors Khayal Mammadkhanli told APA.
To him, all documents have already been prepared and will be submitted to State Insurance Supervisory Service.

Moreover, he added that insurance premiums are forecasted to be increased by 52% to AZN 3.5 mln.

Note that, Ateshgah life and Gala life companies are operating on life insurance in Azerbaijan.

Remind that, Alfa Sigorta has been in operation since 1997.
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