Azerbaijani Insurance Company Develops Anti Crisis Actions
Azerbaijan, Baku, Dec. 17 / corr. Trend U. Ismaylova / New insurance products will be introduced at Azerbaijani insurance market in the framework of anti crisis actions, Jamil Melikov, chairman of board of MBASK insurance company, chairman of association of Azerbaijani insurers, said at press conference on Dec. 17.
"MBASK insurance company prepares a variety of new products which will be of interest at the current market," Melikov said.
Chairman of board didn't name new products basing on the company's interests, only saying that the company is preparing to register new products in Azerbaijan Ministry of Finance.
"New products are intended to develop the existing services on real estate, property and life insurance, but innovation of product will be in its terms," Melikov said.
MBASK insurance company has been operating since 1992 at Azerbaijani insurance market and rendering 29 insurance services, four of which are obligatory. Authorized capital stock makes up AZN 2mln. 30% of MBASK shares belong to the European Bank of Reconstruction and Development since January 2005.
Current exchange rate for Dec. 17 makes up AZN 0.802 per USD 1.
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