Azerbaijani insurance company fees to increase by 10 percent
Baku, Azerbaijan, Jan.8
By Abbas Akhundov - Trend:
Azerbaijani insurance company A-Qroup plans to increase its fees by 10 percent in 2014 compared to 2013, chairman of the Board of A-Group Anar Bayramov told Trend on Jan.8.
The company collected premiums at the level of 11.1 million manat in 2013 and this figure is expected to be 12 million manat this year, according to Bayramov.
Health insurance will form the lion's share of the company's portfolio in 2014 as it was in previous years, according to Anar Bayramov.
A-Qroup insurance company was founded in 1995 and renders services on 14 types of voluntary insurance. A-Qroup is the only insurance company selected by the International Finance Corporation (IFC) in the second phase of a pilot programme to improve corporate governance. Earlier in 2013, the company's compliance with international quality standard ISO 9001 was once again confirmed.
The official exchange rate on Jan.8 is 0.7845 AZN/USD.
Translated by L.Z.
Edited by S.M.