Azerbaijan, Baku, May 3 / Trend/
Total volume of insurance premiums collected by the Azerbaijani insurance company A-Group within 1st business quarter of the year 2011 was 4, 379, 934 manat, the company reported.
Major part of total income is provided by voluntary medical insurance, which equals 4, 108, 261 manat and maintains the leadership of A-Group in this field since the foundation day.
It should be noted, that within 3 months 2011 property insurance premium has 300% increase in comparison with the same period of last year. Outstanding progress has been observed in motor insurance with 150% of growth. Property fire insurance and civil liability insurance premiums have 100% increase each. Remarkable progress has been achieved in mortgage insurance.
In 1st quarter of year 2011 A-Group paid out an amount of 1 247 880 manat.
A-Group Insurance Company was founded in 1995 and offers 3 kinds of compulsory and 13 kinds of voluntary insurance services. In the beginning of current year the Company repeatedly assured compliance of its management system to ISO 9001 international standard.