Bank Of Baku

Qarant Sığorta surpasses premium forecast by 52%

Qarant Sığorta surpasses premium forecast by 52%
# 19 March 2009 16:06 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Insurance Company Qarant Sığorta earned AZN 7.6 million in premiums during 2008, up 52% on the annual forecast.
The company said premiums most came from individual accident insurance, corporate property insurance and cargo insurance.
The company paid AZN 35 000 for insurance claims last year.
Qarant Sığorta said its fixed capital quadrupled to AZN 4 million during the year.
Last year the company switched to OJSC, opened a branch in Gandja.
At present the company provides 18 voluntary and 4 compulsory types of insurance services.
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