Bank Of Baku

AzSıgorta reports two-year performance

AzSıgorta reports two-year performance
# 02 April 2009 15:48 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. AzSıgorta Insurance Company has held a press conference on its two-year performance.

Khayal Mammadkhanli, Vice-Chairman of the Board, spoke about the company’s achievements annual and periodic reports and new products on the market.
According to him, premiums earned by the company exceeded AZN 10 million in 2008, twice the figure in 2007.

In his words, insurance claims rose by 8.7 times to AZN 2.328 million

“Claims about 387 accidents on motor vehicle insurance were reported and payment was made for 382 accidents. 5 claims were refused because two were related to driving under the influence, two were related to driving without driving license and one was related to fake documents,” he added.

He said insurance agreements will be concluded with 15 000 to 20 000 customers this year.

“Last year we concluded about 150 000 insurance agreements which means about 500 000 clients,” he added.

According to him, the company will open a branch in Gabala in summer.

AzSıgorta has been in operation since December 2006.
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