Azerbaijani-U.S insurance company's fees increased by 5 percent in 2010

Society Materials 10 January 2011 18:35 (UTC +04:00)

Azerbaijan, Baku, Jan. 10 / Trend U. Ismayilova /

A subsidiary of the U.S insurance company Chartis (AIG Insurance) in Azerbaijan - Chartis Azerbaijan collected insurance premiums amounting to 1.739 million manat in 2010, the company said.

The premiums totaled 1.651 million manat with payments worth 1.187 million manat in 2009.

About 82 percent of the fees, or 1.421 million manat fell on voluntary insurance.

Chartis Azerbaijan collected premiums to the amount of 23.155 manat by insuring against accidents and illnesses.

The company's authorized capital hits 3.5 million manat. The company provides one compulsory and seven types of voluntary services.

Chartis (AIG Insurance) is a major international organization in the field of property and personal insurance (insurance other than life insurance). It serves over 40 million customers in more than 160 countries and jurisdictions. Chartis, having a 90-year history, is one of the widest spectrum of products and services. It helps both corporate clients and individuals to confidently manage any risks.

The official exchange rate is 0,7976 manat to $1.