Bank Of Baku

Azerbaijan-based insurers get 33% rise in total capital

Azerbaijan-based insurers get 33% rise in total capital
# 01 October 2012 10:55 (UTC +04:00)
Baku. ELnur HUseynguluyev – APA-Economics. As of October 1, 2012, Azerbaijan-based insurers’ total authorized capital made AZN 243.557 mln, up 33.2% from year earlier.

APA-Economics says that, Buta Sigorta, PASHA Life Insurance, AzSigorta, Mega Sigorta and Bashak Inam companies increased authorized capitals more than others.

So, Bura Sigorta’s capital rose 5.8 times, PASHA Life Insurance – 2.2 times, AzSigorta – 2.1 times, Mega Sigorta – doubled and Bashak Inam – 71%.

Top 5 lists include Pasha Sigorta (AZ 35 mln), Xalg Sigorta – AZN 26.382 mln, AzSigorta – AZN 20.3 mln, PASHA Life Insurance – AZN 15.050 mln and Silk Way Insurance – AZN 12.093 mln.
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