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PASHA Life Insuranceâ€™s market share makes 36%

31 October 2012 12:23 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based PASHA Life Insurance has collected AZN 11.148 mln insurance premiums during January-September, 2012, up 51.4% from year earlier.

Company says the payments on insurance risks approximately doubled to AZN 171,818. The premiums on compulsory insurance against disability resulting from occupational diseases & industrial accidents rose 21.4% to AZN 8.710 mln, Accidental Death Insurance â€“ rose 3.9 times to AZN 739,000, living insurance of life - reached AZN 1.615 mln.

The payments on compulsory insurance against disability resulting from occupational diseases & industrial accidents dropped 0.3% to AZN 86,035, Accidental Death Insurance â€“ AZN 85,782.

Companyâ€™s investments in banks rose 72% to AZN 20.685 mln, profit soared 3.1 times to AZN 5.795 mln.

PASHA Life Insuranceâ€™s share in total charges on life insurance made 36.4%.

Note that, PASHA Life Insurance was registered on November 24, 2010, obtained license on February 14, 2011.