Bank Of Baku

AXA MBASK company increases revenues twice

AXA MBASK company increases revenues twice
# 13 May 2011 10:31 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In January-March, 2011, AXA MBASK insurance company’s insurance premiums stood at AZN 2.636 mln, two times more compared to a year ago.

Company says that payments on Q1 insurance risks made AZN 634.928 thousand.

The most funds were paid on “Car insurance” (AZN 374.069 thousand), “Medical insurance” (AZN 226.769 thousand), “Insurance of persons, leaving the country” (AZN 19.332 thousand) and “Fire insurance” (14.448 thousand).

Average attendance period of payments on contracts was two weeks starting from the application on insurance event.

Remind that, MBASK has been in operation since 1992. As of January 1, 2011, authorized capital of the company stood at AZN 5.730 mln. At present, the company operates on 29 insurance types.
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