Azerbaijan, Baku / Trend corr. U.Ismaylova / Ateshgah the biggest joint Russian-Azerbaijani insurance company forecasts increase of fees by AZN 16mln by the end of 2007, Intigam Huseynov, the chairman of the management of the company, reported.
Azerbaijani Finance Ministry reported that the premiums of the company made up AZN 10,84mln in 2007. The fees f the company will increase due to building and assembly jobs, Huseynov said.
The company intends to develop life insurance, which is more important issue among other types of insurances. The Azerbaijani Committee of Insurer Association will develop the medical insurance.
The authorized capital of Atesgah is AZN 0.9mln, the net assets AZN -4.5mln.