Bank Of Baku

Chartis Azerbaijan decreases payments

Chartis Azerbaijan decreases payments
# 06 April 2011 09:21 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Chartis Azerbaijan (former AIG Caspian) Insurance Company has earned AZN 451.275 thousand insurance premium during January-March, 2011, down 40% in comparison to a year ago.

Company says the payments on insurance risks dropped 49 times to AZN 749 000.

Most of premium came from General liability insurance (AZN 282.704 thousand), Property fire insurance (AZN 152.207 thousand) and Cargo insurance (AZN 5.147 thousand).

All of payments went to Property fire insurance.

Remind that, Chartis Azerbaijan has been in operation since 1999. As of April 1, 2011, the authorized capital stood at AZN 3.5 mln.
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