Central Bank of Azerbaijan determines insurer of fixed assets, cash funds and vehicles

Azerbaijan, Baku, Sept. 28 /Trend/

One of the largest insurance companies in Azerbaijan - JSC Paşa Sığorta signed a contract for insurance of fixed assets, cash and vehicles (CASCO) owned by the Central Bank of Azerbaijan (CBA), the Central Bank's official website reported.
"Upon the decision of the tender commission on Sept.17, Paşa Sığorta was declared the winner of the tender," the Central Bank said.

Pasha Sıgorta is a member of the group Pasha Holding. It offers 30 types of insurance services to corporate and individual clients. The company authorized capital hits 20 million manat. With total assets worth 28 million manat Pasha Sıgorta is among the country's three leading insurers in terms of capitalization, maintaining at the same time, one of the highest figures of the profitability in the country's insurance sector.

Pasha Sıgorta has been certified by Moody's as having attained the ISO 9001: 2000 standard since 2007. Pasa Sıgorta is also a participant to the UN Global Compact Initiative for the protection of human rights, environmental protection and countering corruption.

Official exchange rate on Sept. 28 is 0.8029 AZN/USD.