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Azerbaijani insurance company pays off almost 90,000 manat for two months

Business Materials 8 September 2009 18:59 (UTC +04:00)

Azerbaijan, Baku, September 8 / Trend U. Ismayilova /

Azerbaijani insurance company Az Sigorta implemented the largest payment for the last two months due to paying off damage as a result of fire to the amount of 48,830 manat with insurance sum worth 66,660 manat, the company said on September 8.

Insurance case occurred in a workshop on wood processing in Narimanov region of Baku.

The second large payment was implemented due to fire in a vehicle repair workshop in Zagatala region of Azerbaijan. A sum of insurance payment hits 8,640 manat with insurance sum worth 16,500 manat.

The company also transferred insurance payment to the amount of 8,350 manat on traffic accident with insurance sum worth 11,000 manat in July-August.

Total volume on 8 large insurance payments hits 85,800 manat. Total insurance sum on these cases hits 194,700 manat.

State insurance company AzerSigorta was founded in 1992. At present, there are 8 branches, as well as 40 regional representations in different regions of Azerbaijan. The company renders 28 kinds of insurance services, 3 - obligatory.

As a result seven months, AzerSigorta collected premiums to the amount of 6.25 million manat with payment s of 2.41 million manat.

On September 8, the official exchange rate is 0.8037 manat to $1.

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