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Azerbaijan’s PASHA Life insurance company increases payments

Business Materials 15 August 2016 20:57 (UTC +04:00)
Azerbaijan’s PASHA Life insurance company collected premiums of 49.58 million manats (1.6102 AZN/USD on Aug. 15) in January-July 2016 that is by 38 percent more than in the same period of 2015.
Azerbaijan’s PASHA Life insurance company increases payments

Baku, Azerbaijan, Aug. 15

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Azerbaijan’s PASHA Life insurance company collected premiums of 49.58 million manats (1.6102 AZN/USD on Aug. 15) in January-July 2016 that is by 38 percent more than in the same period of 2015, said the company’s message issued Aug. 15.

According to preliminary estimates, the company’s payments on various insurance cases amounted to 13.567 million manats. The volume of insurance payments increased by almost twofold as compared to January-July 2015.

As of Aug. 1, 2016, PASHA Life’s assets totaled 156.852 million manats, aggregate capital - 47.373 million manats, including the authorized capital – 40.25 million manats.

PASHA Life is Azerbaijan’s biggest insurance company for the volume of its aggregate assets.

PASHA Life insurance company operates since 2011. It is the largest life-insurance company in Azerbaijan.

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