Bank Of Baku

Azersigorta increases inflows by 7% year-on-year

Azersigorta increases inflows by 7% year-on-year
# 26 December 2011 14:43 (UTC +04:00)
Baku. Elnur Husaeynguluyev – APA-Economics. Azerbaijan-based Azersigorta State Insurance Commercial Company has collected AZN 24.497 mln insurance premiums during January-November, 2011, up 7.4% from year earlier.

Company says AZN 1.442 mln came from Personal Accident and Diseases Insurance, AZN 963,023,000 – from Compulsory insurance of civil responsibility of car owners, AZN 415,942,000 – from Automobiles casco insurance and AZN 331,811,000 – from property insurance of organizations and enterprises.

Most of premiums came from Compulsory insurance of military servicemen.

Payments increased by 3.1% to AZN 9.955 mln. Most of payments went to Buildings insurance (AZN 903,902,000), property insurance of organizations and enterprises (AZN 848,000), Casco insurance (AZN 465,000), Compulsory insurance of civil responsibility of car owners (AZN 244,995,000).

Remind that, Azersigorta has been in operation since 1991. The company operates 10 compulsory and 20 voluntary insurance types.
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