Azerbaijan, Baku / corr Trend U.Ismaylova / The insurance company Standard Insurance will receive an international rating for its financial stability at the beginning of October, Kamal Ibrahimov the Chairman of the Managing Board of the company, said. As shown from preliminary data, it will be high enough for Azerbaijan, said Ibrahimov.
Earlier, Ibrahimov informed about negotiations with the international rating company Moody's for obtaining a rating as a result of an audit conducted by the PriceWaterhouseCoopers company.
According to Ibrahimov, the rating will show the maximum level of the company's stability and will promote its attractiveness to clients.
The biggest Azerbaijani insurance company, Standard Insurance, was established in February 2002.
The aggregate capital of the company is AZN 10 mln, and authorized capital AZN 8 mln. At the beginning of 2008, the company is planning to increase in capitalization, said Ibrahimov.