Central Bank of Azerbaijan changes medical insurer

Business Materials 27 November 2014 17:35 (UTC +04:00)

Baku, Azerbaijan, Nov. 27

By Maksim Tsurkov - Trend:

The Central Bank of Azerbaijan (CBA) has announced the winner of the tender for the procurement of health insurance services for its employees, the tender commission said Nov. 27.

AzSıgorta company was chosen a winner proceeding from the evaluation of tender bids.

The tender winner started rendering the services Nov. 27. The contract was signed for one year.

"AzSıgorta" insurance company has been working on the insurance market of Azerbaijan since November 2006. The company has branches and representative offices in many regions of Azerbaijan. It has been a member of the Compulsory Insurance Bureau since December 2011.

AzSıgorta's paid-up share capital as of 2013 stood at 20.3 million AZN.

Pasa Sıgorta company was the CBA previous partner in health insurance.

The official exchange rate is 0.7844 AZN/USD Nov. 27.

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edited by CN