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Azerbaijani insurance company expands range of services

Business Materials 18 June 2010 12:28 (UTC +04:00)

Azerbaijan, Baku, June 18 / Trend U.Ismayilova /

The Azerbaijani Insurance Company Era-Trans Sigorta submitted a statement to the Finance Ministry to obtain licenses to provide health insurance, the company reported. The company is expected to obtain a license in the coming days.

"The company management decided to obtain a license for medical insurance due to high demand in the market," the company said.

Era-Trans Sigorta has been operating since 1994 and provides 24 types of voluntary and 4 types of compulsory insurance services. The company's premiums on the basis of activity amounted to 0.46 million manat with payments of 0.22 million manat in January-April.

The volume of medical insurance premiums of all insurers amounted to 11.005 million manat with payments of 5.17 million manat in January - April. Total premiums of all insurers for the period amounted to 53.72 million manat with payments of 14.52 million manat.

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