TODAY.AZ / Business

ALFA Insurance more than doubles its authorized capital

26 January 2007 [01:08] - TODAY.AZ
Azerbaijan's ALFA Insurance raised insurance fees collection 23% to AZN 995,600 and more than tripled insurance payment, year-over-year, to AZN 145,600.

During 2006 the company's authorized capital leaped 2.5% to AZN 1.5mln.

ALFA Insurance Deputy Director, Vusal Abbasov, told the APA that insurance fees were most collected from KSAKO vehicle insurance and least from electronic equipment insurance.

ALFA Insurance (former Murad Insurance) was established in 1997. It provides 25 voluntary and 4 compulsory insurance services.

Technikabank acquired ALFA Insurance in late 2006.


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