Bank Of Baku

Gunay Sigorta gets 33% decline in insurance premium

Gunay Sigorta gets 33% decline in insurance premium
# 08 April 2011 10:49 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Gunay Sigorta has collected AZN 127.682 thousand insurance premiums in January-March, 2011, down 33% from year earlier.

Company says the payments on insurance risks decreased by 48.5% to AZN 30.916 thousand.

Most of premiums came from Property Fire Insurance (AZN 68.214 thousand), Vehicle Insurance (AZN 36.430 thousand) and Professional Liability Insurance (AZN 6.759 thousand).

AZN 25.282 thousand of payments went to Vehicle Insurance, AZN 2.894 thousand to Health Insurance and AZN 1.760 thousand to Compulsory Motor Vehicle Liability Insurance.

Remind that, Gunay Sigorta has been in operation since 1992. The company operates 2 compulsory and 18 voluntary insurance types.
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