Azerbaijani Insurance Company’s Assets Total AZN 20mln in 2007

Business Materials 12 April 2008 12:12 (UTC +04:00)

Azerbaijan, Baku, 12 April / Trend / The assets of the Azerbaijani Xalq Sigorta insurance company with the largest authorized capital amounted to AZN 19.7mln in 2007, Xalq Sigorta reported on 12 April. Xalq Sigorta's authorized capital is AZN 10.68mln.

In 2007, Xalq Sigorta's premiums totalled AZN 13.19mln and payments - AZN 1.25mln.

The company's deposit bank accounts comprised AZN 12.3mln and its insurance reserves amounted to AZN 1.5mln in 2007.

Xalq Sigorta offering 20 insurance varieties has been operating since 2005.