Azerbaijan Insurance Company Divulges Results of Activities for February
Azerbaijan, Baku, 12 March / Trend corr U. Ismayilova/ MBASK, one of the largest insurance companies in Azerbaijan, paid off 127 insurance payments totalling $450,000 in February, the company reported on 12 March.
A total of 106 payments in the sum of AZN 277,628 ($328,955) were paid off on private insurance. The payments on corporative insurance (21) comprised only AZN 26,742 ($31,679).
February's largest payment was paid off on the automobile insurance contract - AZN 22,472 ($26,641).
MBASK providing 29 insurance varieties, with four of them obligatory, has been operating in Azerbaijan's insurance market since 1992. The company's authorized capital comprises AZN 2mln.