Era-Trans will keep up premiums collection

Era-Trans will keep up premiums collection
# 05 December 2008 07:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s insurance company Era-Trans predicts to earn AZN 2 million in premiums for 2008, approximately equal to the results of 2007, said Elshen Babayev, director of the company.
The company’s financial officer Gudrat Abdullayev said it is early to talk about the balance profit the company will make at the year-end.
The company earned AZN 1.65 million in premiums and paid AZN 0.8 million for insurance claims during January-October.
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 compulsory types of insurance services.
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