Azerbaijani insurance company increases fees

Business Materials 30 May 2019 17:20 (UTC +04:00)

Baku, Azerbaijan, May 30

By Kheyraddin Nasirzade – Trend:

Azerbaijan’s Qala Insurance company collected insurance fees in the amount of 7.42 million manats in January-April 2019, which is 2.66 million manats or 55.7 percent more compared to the same period of 2018, Trend reports referring to the company.

Besides the fees, the insurance company increased the amount of insurance payments.

The company made payments in the amount of 788,900 manats in January-April 2019, which is 441,800 manats or 2.3 times more than in January-April 2018.

The insurance payments were paid rapidly and in a timely manner.

According to the results of the first quarter of this year, Qala Insurance company entered the TOP-10 insurance companies (8th place) in January-April 2019, by collecting insurance fees in the amount of 5.62 million manats, which is 2.8 percent of the total fees in the Azerbaijani market.

(1.7 AZN = 1 USD on May 30)


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