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Azerbaijani insurance company ups premiums by 8.5 percent

Business Materials 31 August 2010 13:49 (UTC +04:00)

Azerbaijan, Baku, Aug. 31 / Trend A.Akhundov /

The Azerbaijani insurance company "AtaSigorta" collected the insurance premiums amounting to 1, 930,100 manats for the 7 months of 2010, which is 8.5% more than the same period in last year, the company reported.  

During the report period, was payout of insurance claims in the amount of 370,700 manats, which is 0,8% lower over the same period in last year.

During January-July 2010 balance sheet profit reached 585,100 manats, which is 16,8% higher than the forecast of the current period of this year.

The "AtaSigorta" start insurance operations in September 2004 and is part of a group of companies "AtaHolding". Paid up share capital "AtaSigorta" was 4 million manats. 

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