Bank Of Baku

New life insurance company to be launched in Azerbaijan

New life insurance company to be launched in Azerbaijan
# 31 May 2011 11:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan Senaye Sigorta is intending to create its own life insurance company, deputy head of board of directors Faig Huseynov told APA.

To him, some plans have been prepared for establishment of a company specialized on life insurance. But date of establishment is not known yet. All issues connected with it maybe discussed at the next meeting of the bank.

Note that, 3 specialized company on life insurance operate in Azerbaijan (Ateshgah Life, Gala Life and PASHA Life).

Remind that, Azerbaijan Industry Insurance Company has been in operation since 1996. The company operates 22 voluntary and 4 compulsory insurance types.
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