Azerbaijani Insurance A-GROUP Company Announces Increase of Received Premiums in January-June

Business Materials 17 July 2007 12:39 (UTC +04:00)

Azerbaijan, Baku / Trend corr U.Ismaylova / The total volume of insurance premiums, collected by the A-GROUP insurance company in the first quarter has totalled AZN 2,885mln which exceeds the index by 27,8% compared to 2006. The investment increase was identified from automobile and property insurance.

The volume of premiums on complex insurance of automobiles of the A-GROUP Company for January-June increased 3.5 times and made up AZN 275, 790.

On voluntary insurance of property the volume of insurance premiums increased four-fold compared to January-June 2006. A-GROUP made payments by AZN 1.257mln in the first quarter of 2007.

The authorized capital of the company for 1 July 2007 amounts to AZN 1.55mln.