Bank Of Baku

AzSigorta increases premiums by 34% year-on-year

AzSigorta increases premiums by 34% year-on-year
# 13 October 2011 12:44 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AzSigorta has collected AZ 15.563 mln insurance premiums during January-September, 2011, up 34.4% from year ago.

Company says the payments on insurance risks rose 62% to AZN 1.486 mln.

Most of insurance premium came from Cargo insurance (AZN 4.772 mln), Property fire Insurance (AZN 3.989 mln) and Compulsory Fire insurance (AZN 2.864 mln).

Premiums on voluntary insurance types made AZN 12.095 mln, on compulsory types – AZN 3.558 mln.

Most of payments went to Vehicle insurance (AZN 566.278,000), Compulsory fire insurance (AZN 368,471,000) and Property Fire insurance (AZN 283,883,000).

Payments on voluntary insurance types made AZN 1.067 mln, on compulsory types – AZN 420,000.

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