Bank Of Baku

Amrah Insurance gets 84% rise in premiums

Amrah Insurance gets 84% rise in premiums
# 11 March 2009 16:01 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Amrah Sighorta Insurance Company earned AZN 556 123 in premiums during 2008, up 84.3% on a year ago.
The company said payment for insurance claims increased by 81% to AZN 119 979.
The company’s profit was AZN 198 554.
Premiums most came from vehicle insurance (AZN 313 314) and property insurance (131 793). Insurance claims most came from property insurance (AZN 78 820) and vehicle insurance (AZN 41 159).
Owned by two individuals, Amrah Sighrta has been in operation since 1993.
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