Azerbaijan, Baku / Trend corr U. Ismayilova /The insurance company Azerbaycan Senaye Sigorta intends to increase its authorized capital from AZN 700,000 to AZN 800,000 by 1 January 2008, the acting chairman of the board, Orkhan Valiyev, reported on 20 August.
"If in September the Azerbaijani Parliament approves the new draft law on insurance, we will increase the authorized capital from AZN 700,000 to AZN 1mln," he said.
Azerbaycan Senaye Sigorta has been operating since 1997 and has a license for 18 voluntary and three compulsory types of insurance.