Azerbaijani A-Qroup increases premiums on property insurance by 40 percent
Azerbaijan, Baku, July 30 / Trend /
Total volume of insurance premiums collected by A-Qroup for the first six months 2012 year was 6 110 824 AZN, the company's press release says on Monda. Most of the premiums came to a voluntary medical insurance, which amounted to 5 221 344 AZN.
Intensive increase is monitored in the property insurance. The volume of property insurance premiums exceeds the result of the same period in 2011 year to 40% and amounts to 889 480 AZN. Significant results were achieved in the motor insurance. Motor premiums exceed the result of the same period in 2011 to 60%.
Within 6 months A-Qroup Insurance Company has concluded 13 794 insurance contracts.
Loss amount paid by A-Qroup for the first six months of 2012 equals 2 516 837 AZN.
A-Qroup Insurance Company was founded in 1995 and currently offers 14 types of voluntary insurance. In the beginning of current year the Company repeatedly assured compliance of its management system to ISO 9001 international standard. A-Qroup is the only insurance company selected by the International Finance Corporation (IFC) for cooperation within the second phase of the Corporate Governance Improvement Pilot Program.
The official exchange rate is 0.7856 manat to $1 on July 30.