Azerbaijani insurance company discloses funds paid for treatment of cancer patients in 2019
BAKU, Azerbaijan, Feb. 17
By Yusif Aghayev – Trend:
Azerbaijan’s A-Group insurance company paid for the treatment of 25 cancer patients in 2019, Trend reports on Feb. 17 referring to the company.
As of late 2019, A-Group insurance company registered 25 cancer patients’ appeals and paid over 160,000 manat ($94,117) for their treatment both domestically and abroad, namely in Turkey, Germany, Russia, Israel, Ukraine, Belarus and Iran.
When revealing the disease in the early stages, as well as rendering highly qualified medical care, the chances of curing this disease are quite high.
Cancer insurance is carried out by A-Group insurance company as part of special insurance programs. 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.
As of 2019, A-Group Insurance Company ranked 12th among domestic insurance companies in terms of premium collection.
In general, the Azerbaijani insurance companies paid insurance indemnities worth 301.5 million manat ($177.3 million) in 2019, which is 61.2 million manat ($36 million) or 25.4 percent more than in 2018.
The voluntary medical insurance payments worth 60.5 million manat ($35.6 million) were made, which testifies to an increase in the amount of payments by 1.7 percent compared to 2018.
Today, 22 insurance companies and one reinsurance companies operate in Azerbaijan.
(1 USD = 1.7 AZN on Feb. 17)