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AtaSigorta Azerbaijani insurance company to increase fees up to $18 million

Business Materials 10 October 2014 19:07 (UTC +04:00)
AtaSigorta plans to increase its registered capital from 10 million AZN to 14.2 million AZN until the end of 2014
AtaSigorta Azerbaijani insurance company to increase fees up to $18 million

Baku, Azerbaijan, Oct.10

By Azad Hasanli - Trend:

AtaSigorta plans to increase its registered capital from 10 million AZN to 14.2 million AZN until the end of 2014, the chairman of the AtaSigorta board Museib Aliyev said Oct.10 during a press conference on the occasion of the tenth anniversary of the company.

Insurance fees of AtaSigorta totaled 7.3 million AZN for the first 9 months of 2014, according to live data.

Insurance fees are expected to exceed 10 million AZN until the end of the year, Aliyev said.

AtaSigorta has made ​​payments totaling approximately $3.5 million AZN since the beginning of the year, he said. The volume of payments will increase by about 1 million AZN until the end of the year.

Alongside with the insurance market of Azerbaijan, AtaSigorta also works closely with leading insurance and brokerage companies.

"The company constantly reviews its activities in accordance with the pace of economic development of the country and makes the total contribution to society by introducing innovations," he said.

Today, the company provides services on 22 types of voluntary and 4 types of compulsory insurance.

AtaSigorta operates on the insurance market since 2004.

The official exchange rate for October 10 is 0,7843 AZN / USD.

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