Bank Of Baku

Standard Insurance gets a 14% year-over-year rise in premiums

Standard Insurance gets a 14% year-over-year rise in premiums
# 20 October 2008 13:57 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Standard Insurance earned AZN 12.5 million in premiums during January-September, up 13.9% on a year earlier.
The company said payments for insurance claims rose 6.8% to AZN 2.2 million.
The premiums account for 8.4% of premiums collected by all the insurers in Azerbaijan and insurance claim payment made up 1.5%.
Standard Insurance, owned by AB Standard Group, has been in operation since 2002.
As of October 1, its share capital was AZN 8 million.
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