Baki Sigorta wants to be a universal insurance company

BAKU/29.01.14/Turan : The insurance company Baki Sigorta February 28 will hold a general meeting of shareholders. On the agenda there is discussion and approval of the financial statements of last year's activities , approval of the plan for that fiscal year.

The main theme - the transition to universal scheme ( employment insurance and reinsurance activities ) and the main shareholder approval of plans to increase the level of share capital through profits.

Insurance company started operating at the beginning of February 1994.

In 2004 she was granted a license for a period of 5 years. In 2009 the company received a license to a perpetual activity.

The major shareholder (51%) and the founder of Baki Sigorta is Bank Respublika.

In addition to asset management companies have access to three different legal entities ( 30%) and two individuals (19%) .

Authorized capital of 6 million 523 thousand manats.

The company operates 24 types of voluntary and 4 types of compulsory insurance . - 17D-


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