First Time in Its History Azerbaijani Insurance Company Showed Higher Economic Indicators
Azerbaijan, Baku, 8 May / corr. Trend U. Ismayilova/ The insurance company MBASK collected record rate of insurance premiums in April, since its establishment. The premiums of the company totaled AZN2.57.000 in January-April 2007, while it totaled AZN2.211.000 only in April that exceeded the indicators of same period of 2007 by 182%, the Company said.
The payments of the company totaled AZN398,484 on 141 insurance deals in April. About 116 deals worth AZN235,549 accounts for private types of insurance. This sum totaled AZN61,928 for the cooperative types of insurance.
In last month, the largest payment of the company was carried out in line with the deal on a car insurance totaling AZN18,488.
MBASK Insurance Company has been operating in Azerbaijan insurance market since 1992. The company offers 29 types of insurance services- 4 of which are mandatory. The authorized capital stock of the company totals AZN2mln. The EBRD has held 3% shares of the Company since 2005.
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