Azerbaijan, Baku, May 14 / Trend, A.Akhundov /
A joint Anglo-Azerbaijani Insurance Company Temza Sıgorta Qrupu plans to launch several new products in 2011, the company's chairman of board Samir Mustafayev told Trend.
"In May we launched a new product on tourist insurance, traveling abroad, together with Azerbaijan Airlines (AZAL)," Mustafayev said.
He said that this product allows to cover all risks that may arise with a tourist during his trip.
"Moreover, we are working over other projects," Mustafayev said.
British Glencarron Group Limited owns a 49 percent stake in the authorized capital of Insurance Company Temza Sigorta Qrupu. Temza Sigorta Qrupu has been operating on the insurance market of Azerbaijan since 1996. Azerbaijan's share holding is owned by the local physical entity and legal entity (Gala Investment). The authorized capital is 0.9 million.
The official exchange rate is 0.7908 manat to $1.