Russia`s Soglasie insurance company intends actively partake in Azerbaijan’s market

Russia`s Soglasie insurance company intends actively partake in Azerbaijan’s market
# 20 September 2012 08:13 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. A representative office of Russia`s Soglasie insurance company in Baku plans to collect $2 mln-insurance premium by September 2, 2012, Director General of the company Elnur Suleymanov told APA.

To him, 1-year strategic plan of Baku representation intends to reach $2 mln-premiums, 3-years strategic plan (2013-2015) – to $5 mln: ‘In general, the company will firstly offer products in Azerbaijan’s market on ‘Insurance of montage risks’, ‘Marine transportation insurance’ and ‘Insurance of commercial risks’. Taking the capacity of construction works in Azerbaijan and rapid development of trade sector in the country into account, Soglasie company is going to present these new insurance types’.

Suleymanov expressed that the main goal in opening of representation is to create favorable condition for formation of progressive national insurance market in Azerbaijan’s insurance sector: ‘Soglasie company is interested in development of international cooperation in insurance sphere between the two countries’.

Suleymanov also noted that Baku representation would operate in reinsurance sphere and ivite Azerbaijan to cooperation in this sphere. Almost a year, Soglasie company collaborates with AzRe reinsurance company. In future, Baku office intends to share the risks with Azerbaijani companies.

Note that, Baku office of Soglasie company started to operate on September 19.
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