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Azerbaijani insurance company's premiums on property insurance increase by 5 times

Business Materials 18 July 2011 15:32
Total volume of insurance premiums collected by A-Qroup for the first six months of the year 2011 was 5.616.878 manat, this number exceeds the results of the year of 2010 by 10 percent, the company said.
Azerbaijani insurance company's premiums on property insurance increase by 5 times

Azerbaijan, Baku, July 18 / Trend A. Akhundov /

Total volume of insurance premiums collected by A-Qroup for the first six months of the year 2011 was 5.616.878 manat, this number exceeds the results of the year of 2010 by 10 percent, the company said.

"Intensive increase is monitored in the fields of property insurance," the message said. "Premiums for property insurance for the first six months increased by 400 percent. Remarkable progress has been achieved in motor insurance and mortgage insurance."
Within 6 months A-Qroup Insurance Company has secured 12,583 insurance agreements.

Amount paid by A-Qroup for the first six months of the year 2010 equals 2.677.976 manat.

A-Qroup Insurance Company was founded in 1995 and offers 3 kinds of compulsory and 15 kinds of voluntary insurance services. Primary part of total income is traditionally composed by voluntary medical insurance.
The official exchange rate is 0.7862 manat to $1.

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