Alfa Sigorta increases premiums by 44% year-on-year

Alfa Sigorta increases premiums by 44% year-on-year
# 12 April 2011 11:45 (UTC +04:00)
Baku. Elnur HUseynguluyev – APA-Economics. Azerbaijan-based Alfa Sigorta has collected AZN 403.812 mln insurance premium in January-March, 2011, up 44.2% from year earlier.

Company says the payments on insurance accidents slipped 53% to AZN 85.319 thousand.

Premiums on voluntary insurance types made AZN 359.970 thousand, on compulsory types – AZN 43.842 thousand.

Most of premiums came from Personal Accident and Diseases Insurance (AZN 181.614 thousand), Vehicle insurance (AZN 111.881 thousand) and Property fire insurance (AZN 42.651 thousand).

AZN 56.410 thousand of payments went to Vehicle insurance, AZN 11.393 thousand to Personal Accident and Diseases Insurance and AZN 7.255 thousand to Compulsory Motor Vehicle Liability Insurance.

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