Azerbaijani Insurance Company to Double Premiums Until End of 2008
Azerbaijan, Baku, 31 March / Trend corr. U.Ismayilova / The Azerbaijani insurance company Azerbaijan Senaye Sigorta is to collect premiums in amount of AZN 3.5mln by the end of 2008, Rashad Ahmadov, the Director of the company, stated on 31 March.
According to the Financial Ministry of Azerbaijan, the company collected premiums in amount of AZN 1.71mln through payments of AZN 0.32mln in 2007.
The company is planning to use bank branches as its own agents in 2008.
The joint capital of Azerbaijan Senaye Sigorta comprises AZN 2mln, authorized totals AZN 1mln.
Azerbaijan Senaye Sigorta provides 18 voluntary types of insurance and three compulsory insurances.
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