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Azerbaijani life insurance company focuses on retail business development

Business Materials 21 June 2013 16:09 (UTC +04:00)

Azerbaijan, Baku, June 21 / Trend /

Azerbaijani life insurance company Pasa Heyat Sıgorta focuses on retail business development, deputy chairman of the board of the company Niyaz Ismayilov told reporters on Friday.

He added that the company intends to increase the retail share in its customer base (today it hits 20 percent) due to the an increase in representative offices in the regions, the development of the agency network through partner banks.

The company has begun to develop products that meet the requirements for retail customers.

"We plan to increase fees up to 20 million manat by the end of the year compared to 14.86 million manat," he said. "Currently, Pasa Heyat is the leader on the life insurance market."

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