TODAY.AZ / Business

Azal Insurance increases its nominal capital

19 January 2007 [00:27] - TODAY.AZ
Azerbaijan's Azal Insurance Company increased its authorized capital by 33.3%, year-over-year, to AZN 800,000.

The Company told the APA that its insurance fees collection was AZN 9,391,467, insurance payment was AZN 9,696,481.

The amount of insurance fees were most collected on accident insurance (AZN 8,995,319 and least on compulsory fire insurance (AZN 512). The most payment was made on accident insurance (AZN 9,622,277) and the least was load insurance (AZN 1,108).

In 1995 Azal Insurance was established by companies under Azerbaijan Airlines. It provides 12 voluntary and 2 compulsory insurance services.


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