Azerbaijan, Baku, April 25 / Trend A. Akhundov /
About 92.75 percent of Azerbaijani insurance company Pasa Sıgorta's premiums, collected in the first quarter of 2012, fell to voluntary health insurance, the company told Trend on Wednesday.
During the reporting period, the company collected 21.42 million manat through this kind, while the total amount of fees totaled 23.1 million manat.
Such a high level of medical insurance share in the company's portfolio is explained by choosing Pasa Sıgorta as the insurer for employees of the Azerbaijani largest company SOCAR.
SOCAR medical insurance program was launched in January 2012 on the basis of SOCAR's decision to transfer its employees from departmental medical servicing to the corporate medical insurance program. At present, Pasa Sıgorta serves 70,000 SOCAR employees within this program.
The company paid the compensation worth 3.746 million manat in health insurance in January-March. The share of this kind in a total volume of payments amounted to 83.5 percent. In general, during the reporting period the company paid 4.486 million manat to its customers.
Pasa Sıgorta collected the premiums worth 16.257.91 manat without payments by insuring against accidents and diseases, 267.664.65 manat by insuring vehicles and paid 80.400.39 manat, 677.008.5 manat on other types of property insurance and paid 8.923 manat, 16.968.48 - cargo insurance without payments, 233.004.16 manat - liability insurance by paying 97.665.69 manat in the first quarter.
The company collected 419,140 manat on compulsory insurance of civil liability of vehicle owners and paid 3,197 manat. It collected 1,800 manat on compulsory insurance of professional liability of auditors, 36.874.36 manat without payment on compulsory insurance of immovable property, 450 manat without payment on compulsory liability insurance associated with the exploitation of real estate.
Pasa Sıgorta, a member of the Pasa Holding, provides services to corporate and individual clients on 30 types of insurance. Pasa Sıgorta is the leader of the national insurance market in terms of capitalization and one of the leading insurers and reinsurers in Azerbaijan.
The official exchange rate is 0.7861 AZN/USD on April 25.