Bank Of Baku

Bashak Inam intends to triple insurance premium on agriculture this year

Bashak Inam intends to triple insurance premium on agriculture this year
# 01 March 2012 14:11 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Bashak Inam forecasts to collect AZN 1 mln insurance premium on agriculture in 2012, said the Chairman of Board of Directors Orkhan Hasanov.

According to him, the premium on agricultural insurance made AZN 300,000 in 2011. Company will increase the premium by 3.3 times to AZN 1 mln.

He noted that, share of such premiums made 10.4%.

Note that, company’s premiums in 2011 made AZN 2.873 mln, payments – AZN 1.278 mln.

Remind that, Bashak Inam has been in operation since 1996. The company operates 4 compulsory and 27 voluntary insurance types.
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