Finances paid by AzSigorta to clients sharply reduced

15:25 - 6.01.2025


January 6, Fineko/abc.az. In 11 months of 2024, AzSigorta OJSC collected insurance premiums in the amount of 8.347 million manats.

ABC.AZ informs with reference to the Central Bank that company's premiums increased by 548,000 manats (by 7%) compared with last year. For Jan-Nov 2023, AzSigorta's premiums amounted to 7.799 million manats.

During this period, the amount of payments to the company's customers amounted to 1,448,000 manats (5,676,000 manats, or 4.9-fold less than a year earlier). Over Jan-Nov 2023, the company made insurance payments to clients who suffered damage for 7.1 million manats.

The company's loss rate was 17%.