Bank Of Baku

AzSigorta intends to increase premiums this year

AzSigorta intends to increase premiums this year
# 07 July 2011 12:51 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AzSigorta forecasts to collect AZN 18 mln insurance premium in 2011, said the Chairman of Board of Directors Abbas Babayev,

According to him, the insurance premium made AZN 16 mln last year: “the premiums are expected to increase by AZN 2 mln. Most of premiums are Vehicle insurance, Cargo insurance and Property fire insurance”.

He also noted that, profit would increase in 2011, too.

Remind that, AzSigorta has been in operation since 2006. The company operates 25 voluntary and 3 compulsory insurance types.
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