A-Group Insurer achieves 25% rise in premiums

A-Group Insurer achieves 25% rise in premiums
# 05 April 2007 09:30 (UTC +04:00)
A-Group Insurance Company collected AZN 4,959,982.18 in premiums last year with a 25.3% year-over-year rise.
The Board Chair Anar Bayramov told APA-Economics that the group paid AZN 22,734.44 in insurance policy, 18.9% higher from a year earlier. The company earned most from medical insurance (AZN 4,486,835.14) and least from cargo insurance (AZN 989.66).
As at January 1, the group’s authorized capital rose 40% to AZN 1.01mln.
The insurer intends to be an authorized company of the Azerbaijan Mortgage Fund to provide mortgage insurance services by this year’s end. Established in 1995, A-Group provides 13 voluntary and 3 compulsory insurance services. /APA-Economics/

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