Azerbaijan, Baku, Nov 28 /Trend J. Nasibova/
Insurance fees of Paşa Həyat Sığorta amounted to 12.459 million manat for the first ten months of this year, which is 66 percent more compared to the same period last year, deputy chairman of the board Niyaz Ismailov told reporters on Wednesday.
He noted that the share of voluntary insurance fees accounted for 30 percent of the total fees, while the share of mandatory - 70 percent.
"The total volume of fees will be increased to 14 million manat, 40 percent of which will account for the share of voluntary insurance," Ismailov said.
The company has paid 252,000 manat for insurance claims, which is three times more than the same period last year.
The company plans to reach a net profit of five million manat by the end of 2012.
He noted that the share capital of the company has more than doubled for the year, reaching 15.05 million manat.
PAŞA Həyat Sığorta is the most capitalized company among the life-companies. It entered the market with a capital of seven million manat. The only shareholder is Paşa Holding.
Official exchange rate for Nov 28 is 0.7848 AZN/USD