Azerbaijan’s Pasha Life Insurance Company reps take part in Partners and Business exhibition in Baku
BAKU, Azerbaijan, Feb. 20
By Yusif Aghayev – Trend:
The representatives of one of the Azerbaijani biggest insurance companies, which over the past few years has maintained leadership in the life insurance segment and accumulating almost a third of all fees in the Azerbaijani insurance market - Pasha Life Insurance Company participated in the "Partners and Business" exhibition in the Baku Sports Palace which was held on Feb. 20 and will last on Feb. 21, Trend reports referring to Pasha Life Insurance Company.
The purpose of participating in this event is to expand business relations, search for potential customers and explore the market needs to optimize existing and create new insurance products and services.
The company intends to use this vast platform of a large-scale event which is held in the country for the first time as a platform to reveal new opportunities for the development of the life insurance sector in the country.
The exhibition is being jointly organized by the Azerbaijani Agency for the Development of Small and Medium Enterprises (SMEs), the National Confederation of Entrepreneurs (Employers) Organizations, Kapital Bank and MarSol LLC in the Baku Sports Palace on February 20-21.
The products and services of about 150 local companies engaged in the field of industry, agriculture, food, ICT, insurance, education, construction, logistics and other sectors of economic activity are showcased.
The exhibition is aimed at a bigger presentation of Azerbaijani companies, expanding their opportunities for entering the market, developing business partnerships among local companies, establishing new ties and cooperation.
Pasha Life Insurance Company with an authorized capital of 40.2 million manat ($23.6 million) is part of the PASHA Holding group of companies and operates on the basis of a license to render life insurance services.
Presently, Pasha Life Insurance Company renders insurance products that meet the requirements of each client. The company intends to create new products in the near future and is already working in this sphere to strengthen its position in the insurance market.
Pasha Life Insurance Company is a member of the Azerbaijan Insurers Association and has the "TUV Thuringen" international certificate ISO 9001: 2008.
As of 2019, the company collected insurance premiums in the amount of 212.5 million manat ($125 million) and paid insurance claims in the amount of 99.5 million manat ($58.5 million), ranking first in the ranking of the Azerbaijani insurance companies.
Today, 22 insurance companies and one reinsurance companies operate in Azerbaijan.
(1 USD = 1.7 AZN on Feb. 20)