Bank Of Baku

AXA MBASK doubles charges year-on-year

AXA MBASK doubles charges year-on-year
# 12 July 2011 11:38 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AXA MBASK Company has collected AZN 6.579 mln insurance premium, during January-June, 2011, up twice compared to a year earlier.

Company says most of insurance premium came from Vehicle Insurance (AZN 3.356 mln), Property Fire insurance (AZN 1.896 mln), Health insurance (AZN 401,600) and Personal accident and diseases insurance (AZN 278,600).

AZN 6.513 mln came from voluntary insurance types, AZN 66,300 – from compulsory insurance types. Payments on insurance risks decreased by 24% to AZN 1.359 mln. The payments went to Vehicle Insurance (AZN 911,800), Health insurance (AZN 376,200) and compulsory insurance vehicle owners’ civil responsibility (AZN 37,500). AZN 1.322 mln went to voluntary insurance types, AZN 37,500 – to compulsory insurance types.

Remind that, AXA MBASK has been in operation since 1992. The company operates 29 insurance types.
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