CTP Is the Leading Type of Insurance Company AzSigorta

Gathering in the first quarter of this year premiums significantly higher than in the previous year (343.32 million manat), the insurance company AzSigorta kept the promise of the growth rate in the post-crisis period. The share of compulsory insurance has grown.

The final figure of the first three months amounted to 8 million 19.6 thousand manats. According to the report, a small proportion of revenue (39.3%) has fallen to voluntary insurance. For these positions it collected 3 million 148.72 thousand manats, for compulsory - 4 million 870.88 thousand manats.

On voluntary insurance almost exclusively the leading position in this company traditionally holds cargo insurance - 2 million 024.48 thousand manats (64.3%). The second place belonged to Hull car insurance - 394.06 thousand manats. In the third place there was voluntary medical insurance - 278.81 thousand manats.

The relatively good result achieved in the area of ??general civil liability insurance - 104.47 thousand manats. Voluntary property insurance against fire and other risks and accident insurance company brought 252.35 thousand manats and 53.92 thsd manat, insurance for foreign travel - 5.29 thsd AZN, and insurance of civil liability of vehicle owners - 12.61 thousand manats. Credit insurance collected only 7.98 thsd AZN.

On compulsory once the bulk of premiums on insurance of property against fire and other risks, now with the entry into force of the new law became fashionable so-called new CTP (compulsory insurance of liability of owners of vehicles to third parties) - collected 4 million manats. Property insurance significantly strengthened, bringing 830.05 thousand, and insurance of liability of owners collected 34.83 thsd manat.

In the last quarter they produced 1.75 million manat insurance payments. Recall that in the same period last year, customers were paid 453 thousand manats - almost 4 times less. On voluntary this position in the lead there was Hull car insurance - 365.32 thousand manats, in cases of VHI they paid 135.47 AZN, on accidents - 6.37 thsd AZN, on fires - 77.08 thsd AZN and on loans - 4.39 thsd AZN.

In mandatory cases they paid much more - 1.16 million, the vast majority of which were in the new CTP - 1 million manats.

SC AzSigorta received a license to operate in November 2006.

Shareholder of AzSigorta is one individual.

The authorized capital of the company at the end of last year amounted to 20.3 million manat.

The company is licensed to provide services for 28 types of insurance, of which 24 are for voluntary and 4 - for mandatory.

It has 6 branches in the country. - 17D-