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Azerbaijani Insurance Company Plans to Increase Duties to AZN 6mln

Business Materials 19 October 2007 17:41 (UTC +04:00)

Azerbaijan, Baku / Trend corr. U. Ismaylova / Pasa Sigorta, one of the leading insurance companies of Azerbaijan is planning to increase insurance duties to AZN 6mln by the end of 2007, Nofal Rzayev, the Deputy Director General of the company, said on 19 October.

The duties of the company made up AZN 5.1mln in January-September.

The company insured mainly corporative property, fire insurance, automobile insurance - CASCO, as well as construction liabilities.

The total number of duties within eight months of 2006 made up AZN 300,000.

Pasa Sigorta has been operating in Azerbaijan since March 2006. The authorized capital of the company is AZN 1.2mln.

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