Bank Of Baku

AXA-Mbask increases revenues by 46% year-on-year

AXA-Mbask increases revenues by 46% year-on-year
# 23 April 2012 10:38 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In January-March, 2012, the volume of insurance premiums collected by AXA-Mbask made AZN 3.842 mln, up 46% compared to last year.

The most premiums were collected on “Motor vehicle insurance” (AZN 1.454 mln), “Property insurance from fire and other risks” (AZN 277.643 thousand), “Cargo insurance” (AZN 157.077 thousand) and “Health insurance” (AZN 96.245 thousand).

Share of these types of insurance in total revenues made 38%, 7.2%, 4.1% and 2.5%, respectively.

As to the payments, the company’s payments on insurance risks during the past year rose 2 times up to AZN 1.276 mln.

The most payments were realized on “Motor vehicle insurance” (AZN 982.484 thousand), “Health insurance” (AZN 113.760 thousand), “Insurance of air transport” (AZN 84.052 thousand).

AXA-MBask started to operate in 1992 as MBask. As of April, 2012, the company’s authorized capital made AZN 6.731 mln. The company serves on 29 types of insurance.
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