First Payment for Fire Insurance at AXA MBASK

Insurance company AXA MBASK made the first insurance payment on the occasion of the compulsory insurance of immovable property from fires.

As stated in the press release, the payment is made by fire, on the occasion of an apartment in the city of Baku. Insurance payment in the amount of AZN 15,075 paid to the mistress of the apartment.

Since the beginning of the year on a policy of compulsory property insurance company has already paid about 150,000 manats.

AXA MBASK is in the process of implementation of the compulsory insurance in 5 regional offices, as well as in more than 70 agencies throughout the country. Insurance policies are available in the online mode by connecting to a single information system, the Bureau of compulsory insurance.

For more information about the rules and fees for compulsory insurance can be found at www.icbari.az.

Open Joint Stock Company AXA MBASK has been operating in the insurance market since 1992 and provides services to 25 voluntary and 4 compulsory insurance.

Recall that in October 2010, the insurance company changed its main shareholder, and on 7 December of that year, its license was renewed.

The controlling stake (51%) is owned by AXA Group (France) through its subsidiary AXA Sequros Generales, SA, De Sequros Y Reasequros (Spain).

The paid-up share capital of the company now stands at 6.74 million manat. It has a national network of 5 branches and representative offices. - 17D-