Bank Of Baku

Azerbaijan Industry Insurance gets 26% rise in premiums

Azerbaijan Industry Insurance gets 26% rise in premiums
# 11 April 2011 12:01 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan Industry Insurance Company has collected AZN 1.248 mln insurance premiums, during January-March, 2011, up 26.3% compared to a year ago.

Company says AZN 1.107 mln or 88.7% came from voluntary insurance types, including AZN 842.3 thousand came from property insurance.

In turn, insurance payments made AZN 147.1 thousand, down 2.3 times from year earlier. AZN 123.9 thousand or 84.3% of payments went for voluntary property insurance.
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