Bank Of Baku

Azersigorta gets 9% rise in insurance payments

Azersigorta gets 9% rise in insurance payments
# 07 April 2011 09:20 (UTC +04:00)
Baku. ELnur Huseynguluyev – APA-Economics. Azerbaijan-based Azersigorta State Insurance Commercial Company has earned AZN 5.209 mln insurance premium in January-March, 2011, down 3.2% from year earlier.

Company says AZN 412.705 thousand of premiums came from Property Insurance of enterprises and organizations, AZN 338.752 thousand from Personal Accident and Diseases Insurance, AZN 251.174 thousand from compulsory motor vehicle liability insurance and AZN 101 000 from motor vehicle casco insurance.

Most of premium came from compulsory insurance of military servicemen.

THhe payments on insurance accidents rose 8.5% to AZN 2.255 mln. Most of payments went to motor vehicle casco insurance (AZN 98.755 thousand), compulsory motor vehicle liability insurance (AZN 34.622 thousand), Personal accident and diseases insurance (AZN 23.911 thousand) and Property Insurance of enterprises and organizations (AZN 8.480 thousand).

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