Azerbaijani insurance company pays out to motor insurance clients

Business Materials 24 August 2010 14:15 (UTC +04:00)

Azerbaijan, Baku, Aug. 24 / Trend A.Akhundov /

Most payments made this year by the Azerbaijani MBASK insurance company were for motor insurance clients. Only recently, MBASK paid $22,909 manat to the owner of an insured plow.

The company has so far paid over 1.796 million manat to its clients in 2010. Roughly 1.228 million manat (68 percent) fell to motor insurance.

MBASK has operated in Azerbaijan since 1992. The company offers 29 types of insurance services. Its authorized capital is 5.73 million manat.