Bank Of Baku

Pasha Sighorta expands branch coverage

Pasha Sighorta expands branch coverage
# 09 February 2009 13:09 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Pasha Sighorta Insurance Company plans to open a provincial branch this year, brining the number of its branches to 3, said Nofal Rzayev, CEO of the Company.
“A board meeting will soon specify the date of opening a branch in Gandja. We are doing research on this issue,” he added.
The company operates two branches in Sumgait and Khirdalan.
It provides 26 voluntary and 4 compulsory types of insurance services.
Last year the insurer earned AZN 8.440 million in premiums and paid AZN 0.94 million for insurance claims.
Pasha Sighorta, as part of Pasha Holding Group, has been in operation since 2006.
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