Azerbaijan, Baku, 15 March / Trend corr U. Ismayilova/ Azerbaijan's new insurance company Qarant Sigorta intends to hold the presentation ceremony in April at which it will divulge its plans for the near future, the company reported on 14 March.
In November, Qarant Sigorta, which was established by Azerbaijan's ZQAN Holdings, received a license for insurance activities from the Finance Ministry. The company's authorized capital is AZN 1mln. Qarant Sigorta provides 18 voluntary and 4 obligatory insurance services.
ZQAN Holdings was established in 2000. The company is engaged in production of construction materials, banking services, telecommunications, health-improving and sport complexes, hotel business, construction, passenger and cargo transportation, manufacturing of doors and windows.
According to Qarant Sigorta, during the first quarter of its activities the company concluded only several agreements, the number of which it did not divulge.
"We will take an active part in the market and will sign serious agreements after our April presentation," the company reported.
There are 30 insurance companies operating in Azerbaijan.
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