Bank Of Baku

Alfa Sighorta gets 13% cut premiums last year

Alfa Sighorta gets 13% cut premiums last year
# 09 January 2009 10:27 (UTC +04:00)
Baku Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Alfa Sighorta Insurance earned AZN 1.337 million in premiums, down 12.9% on a year earlier.
Payments for insurance claims rose 46.6% to AZN 357 982. KASCO Vehicle Insurance provided 46.7% of premiums and took 82.2% of insurance claims.
Alfa Insurance (former Murad Insurance), owned by Technikabank, has been in operation since 1997.
The insurer provides 21 voluntary and 4 compulsory types of insurance services across the country. As of January 1, its authorized capital stood at AZN 1.5 million.
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