Bank Of Baku

Ateshgah increases insurance premiums by 35%

Ateshgah increases insurance premiums by 35%
# 19 May 2011 13:05 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. Azerbaijan-based Ateshgah Life insurance company has collected AZN 5.060 mln insurance premium during January-April, 2011, up 35% from year ago.

Company says AZN 4.783 mln was collected on voluntary types of insurance, AZN 277.377 mln on Compulsory insurance.

The most insurance premiums was collected from “Motor vehicle insurance” (AZN 2.237 mln), “Fire insurance” (AZN 1.165 mln) and “Medical insurance” (AZN 911.217 mln).

Company says payments on insurance events rose 4.4% to AZN 1.723 mln. AZN 1.688 mln was paid to voluntary insurance, AZN 34.736 mln – compulsory insurance. AZN 791.807 mln was paid on medical insurance, AZN 753.892 mln – motor vehicle insurance and AZN 34.736 mln - motor vehicle liability insurance.

Remind that, Ateshgah company has been in operation since 1996. The company operates 8 offices. It operates on 17 voluntary and 4 compulsory insurance types.
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