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Azerbaijani-Turkish Joint Insurance Company Granted with Unlimited License

Business Materials 15 August 2008 15:52 (UTC +04:00)

Azerbaijan, Baku, 15 August / Trend corr. U.Ismayilova /Azerbaijani Finance Ministry has issued a license to the Azerbaijani-Turkish joint company Gunay Anadolu Sigorta OJSC.

The unlimited license was granted on 14 August.

Gunay bank and Turkish insurance company Anadolu Anonim are founders of 0unay-Anadolu Sigorta. As for January-June, the company collected premiums in the sum of AZN 0.17mln with payments AZN 0.04mln.

Ministry has also issued an unlimited license to two other insurance brokers Azerbaijan insurance broking and AON Azeri Sigorta. Ministry granted licenses on 7 August.

Issue of unlimited licenses to insurance companies in Azerbaijan is envisaged in the Insurance activity Bill dating 15 March 2008.

The correspondent can be contacted at: [email protected]

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