Bank Of Baku

Era-Trans gets 4% rise in premiums

Era-Trans gets 4% rise in premiums
# 04 November 2008 09:47 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s insurance company Era-Trans earned AZN 1.649 million in premiums during January-September, up 4.1% on the same period.
The company said payments for insurance claims fell by four-times to AZN 798 000.
AZN 564 237 came from accident and illness insurance, AZN 462 000 from vehicle insurance, AZN 297 000 from property insurance and AZN 31 257 from medical insurance.
In the insurance claim payment, AZN 324 380 went to vehicle insurance, AZN 236 812 to individual accident and illness insurance and AZN 156 737 to property insurance.
AZN 1.405 million of premiums came from voluntary insurance services.
At present the company’s authorized capital is AZN 1.1 million.
Owned by two individuals, Era-Trans has been in operation since 1994.
The company provides 24 voluntary and 4 compulsry types of insurance services.
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