Azerbaijan, Baku, July 13 / Trend U. Ismayilova /
Azerbaijani Insurance Company Azergarant expands its branch network in all regions of the country, deputy chairman of the company Shukur Huseynov said.
"As part of expanding its branch network, the company has recently opened its branch in Ganja, as well as two representative offices in Shirvan and Khachmaz," Huseynov said.
He said that before the end of the year the company intends to open branches in Barda and Tartar.
In future subsidiaries will operate in all regions of the country, Huseynov said.
The company representative also said that while creating a new branch or a representation, the company faces a shortage of personnel.
He said that earlier, when the insurance agents in the country did not need a license for agency services, the company had a large agency network. However, some of them were unable to undergo the procedure of obtaining a license in the Azerbaijani Ministry of Finance.
"The company selects the best agents, who take courses for several months. If the candidate successfully passes the exams, then he will be appointed head of a branch or a representative office in the regions of the country," Huseynov said.
Azergarant insurance company has been operating on the insurance market since 1993. Authorized capital is 2.7 million manat. Premiums in January-May totaled 0.24 million manat with payments worth 0.01 million manat.
On July 13, the official exchange rate is 0.8038 manat to $1.