Azerbaijan, Baku / Trend corr. U.Ismayilova / Azerbaijani insurance company Xalg Sigorta has expanded and opened a branch in the city of Sumgayit city, western Azerbaijan.
The branch will offer services to clients of twenty voluntary and three obligatory types of insurance.
The authorized capital of Xalg Sigorta, which has been operating since 2005, comprised AZN 2,000,000 on 1 May.
According to the Azerbaijani Finance Ministry, insurance premiums of the company for the first quarter amounted to AZN 1.86mln, with claims of AZN 0.2mln.