Pasa Sigorta Wins Azerbaijani Mortgage Funds Competition

Business Materials 4 April 2008 17:22 (UTC +04:00)

Azerbaijan, Baku, 4 April / Trend / Azerbaijani Pasa S?gorta insurance company won the quotation competition on insuring the automobile fleet of the Azerbaijan Mortgage Fund held by the tender commission of the Mortgage Fund attached to the National Bank of Azerbaijan, the company reported on 4 April.

The insurance program offered by Pasa S?gorta was the best among the quotations due to its tariff proposals and coverage of the accompanying services.

Pasa Sigorta, with its authorized capital comprising AZN 4mln, has been operating in Azerbaijan since 2006- offering 29 types of insurance. In 2007, the company received the management quality certificate from Moody International Certification Services.

As a result of its 2007 activities, Pasa Sigorta entered the top-five list of the insurance market leaders in terms of capitalization and fortified its position in the top-ten insurer list in terms of insurance premiums.