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An Azerbaijani Insurance Company Changed Form of Ownership

Azerbaijan Materials 21 February 2007 19:55 (UTC +04:00)

Azerbaijan, Baku /Trend, corr. U. Ismayilova/ Insurance CI Sigorta has changed the from of ownership and been renamed to "Azerbaycan Sanaye Sigorta" LLC, a source in the Company informed Trend.

The volume of insurance premiums in 2006 reached AZN 1,723 thousand. Comparing with 2005, it reduced by AZN 578 thousand.

92% of insurance collections fell at the share of insuring motor transport - AZN 1,580 thousand, with AZN 131 thousand falling at the insurance from fires.

Last year the Company conducted payments at the volume of AZN 335 thousand. AZN 304,7 thousand out of them were paid to the insurance of motor transport, AZN 25,3 thousand - insurance from accidents and crash, AZN 5 thousand - obligatory insurance of civil responsibility of owners of vehicles.

According to the Finance Ministry, in 2006, the Company paid insurance premiums to the sum of AZN 1,72 mln., with AZN 0,34 mln. falling at insurance payments.

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