Bank Of Baku

Ateshgah Insurance gets 42% decline in premium collection

Ateshgah Insurance gets 42% decline in premium collection
# 29 August 2008 14:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Ateshgah Insurance Company earned AZN 6.51 million in premiums during the first half of 2008, a 41.8% decline from a year earlier.
The company said payments for insurance claims rose 23.7% to AZN 1.93 million.
Established in 1996, Ateshgah is owned by ISR Holding (49%), SOCAR (30%) and RAN Exim (21%). The insurer provides 4 compulsory and 18 voluntary types of insurance services.
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