Bank Of Baku

Azergarant sees growth in charges

Azergarant sees growth in charges
# 25 September 2012 10:44 (UTC +04:00)
Baku. Elnur Husyenguluyev – APA-Economics. Azerbaijan-based Azergarant insurance company has collected AZN 1.297 mln insurance premium in January-August, 2012, up 73% from previous year.

Company says most o premiums came from Personal accident and disease insurance (AZN 969,364), Vehicle insurance (AZN 137,374), Compulsory Civil Liability Insurance of Owners of Motor Vehicles (AZN 110,038), Insurance of property against fire and other risks (AZN 74,487), Health Insurance (AZN 6,167).

The insurance payments rose by 2.2 times to AZN 286,809. The payments on Personal accident and disease insurance made AZN 175,291, Compulsory Civil Liability Insurance of Owners of Motor Vehicles – AZN 56,650, Vehicle insurance – AZN 42,595, Insurance of property against fire and other risks – AZN 6,872, Insurance against falsification of money and monetary documents – AZN 5,025.

Remind that, owned by several individuals Azergarant has been in operation since 1993. The company operates 23 voluntary insurance types.
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