Bank Of Baku

PASHA Life insurance company prepares application of new services

PASHA Life insurance company prepares application of new services
# 06 October 2011 07:32 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s PASHA Life insurance company is forecasted to collect AZN 8 mln insurance premiums within 2011, deputy board chairman Niyaz Ismayilov said.

To him, 90% of the existing insurance portfolio falls on share of compulsory insurance, 10% - voluntary.
“From November of this year, the company will present new voluntary insurance types to the market, so, the share of voluntary insurance type in total revenues will rise 305”.

Note that, in January-September, 2011, the company collected AZN 7.3 mln insurance premiums, AZN 86.3 mln insurance payments.

Note that, PASHA Life insurance company was registered on November 24, 2010.
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