BAKU, Azerbaijan, Feb .7
By Yusif Agayev - Trend:
Azerbaijan’s A-Group Insurance Company OJSC has revealed financial outcome for 2019, Trend reports.
The company’s total collection of insurance payments exceeded 15.1 million manat ($8.8 million) in 2019, which is 15 percent more compared to 2018.
In 2019, the total amount of company’s insurance payments amounted to 8.5 million manat ($5 million), which is 5.9 percent more compared to 2018
The priority area of the company is the voluntary medical insurance. The amount of insurance premiums exceeded 13 million manat ($7.6 million), increasing the turnover of premiums by 5.7 percent.
During 2019, the company's client portfolio was replenished with more than 200 corporate clients.
A-Group Insurance Company OJSC has been operating in Azerbaijan since 1995 as a full-fledged insurance company engaged in non-life insurance. The company has a license for 14 voluntary types of insurance.
The company has been the undisputed leader in the voluntary health insurance segment for a long period of time.
(1 USD = 1.7 AZN on Feb. 7)