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Azerqarant increases revenues by 47%

Azerqarant increases revenues by 47%

11 June 2012 11:09 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. The volume of insurance premiums collected by Azerbaijanâ€™s Azergarant insurance company in January-May, 2012, made AZN 749.7 thousand, up 47% compared to last year.

During the reporting period, payments on insurance risks rose 98% to AZN 163.7 thousand.

AZN 457.5 thousand premiums were collected on â€œPersonal accident insuranceâ€, AZN 89.2 thousand on KASKO insurance, AZN 88 thousand on â€œProperty insurance from fire and other risksâ€. The share of these insurance types in the total insurance premiums made 61%, 12% and 11.7% respectively.

The most payments fell on share of â€œPersonal accident and sickness insuranceâ€ (AZN 88.8 thousand or 12%), KASKO insurance (AZN 20.3 thousand or 2.7%) and â€œProperty insurance from fire and other risksâ€ (AZN 6.9 thousand or 0.9%).

Azergarant has been in operation since 1993. the company operates on 23 voluntary insurance types.

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