Bank Of Baku

Chartis Azerbaijan company implements near AZN 7,000 payment for fraud

Chartis Azerbaijan company implements near AZN 7,000 payment for fraud
# 12 July 2011 13:20 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Chartis Azerbaijan Company has collected AZN 647,547,000 during January-June, 2011, down 38% compared to a year earlier.

According to Director of Financial Department Elmar Islam, the payments on insurance risks decreased by 5.4 times to AZN 7,366,000.

According to him, most of insurance premium came from “insurance of common civil responsibility” (AZN 313,859,000), Property Fire Insurance (AZN 278,980,000) and Fire insurance (AZN 9,857,000).

Most of payments went to “Insurance of fraud of employees” (AZN 6,617,000).

Remind that, Chartis Azerbaijan has been in operation since 1999.
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