Insurance company Royal Sigorta - notorious outsider local market - from January to November collected 125,090 manat of premiums in 4,580 payments. For comparison - the leader Pasha Sigorta collected 47,363,830 manats of premiums.
According to the chairman of the financial structure Nusrat Babaev , is the result of closure of local opportunities . "The company has received a license for almost 2 years ago with a view to membership in the Bureau of compulsory insurance. The Ministry of Finance has made demands that are not compatible with our capabilities capitalization. Almost all successful insurers are tied to banks and traders ' respectable firms in Royal Sigorta is no such opportunity, " - he says," forgetting " about the founders' relationship with the company of the same name recently bankrupt bank.
However, among the outsiders there are companies whose founders are well-known banking and other credit structures - so Gunay Sigorta collected before November 1 292 780 manats and Amrah Sigorta collected 665,350 manat. Among those whose premiums in January-September fell short of 1 million were Era Trans (625,140), Azerqarant ( 848,300 ) and Chartis Azerbaijan ( 835,220 manat) .
Royal Sigorta insurance company received a license to operate in December 2011. The company has applied for registration of the Bureau of compulsory insurance provided by law, which came into force on 16 December last year.
Size of the initial authorized capital is 5.5 million manat.
Its founders include Ilgar Aliyev (a cousin of the President), Famil Teymurov, Vugar Shahbazli, Shahbaz Shakhbazov and Fuad Jam (a son of the chairman of the supervisory board of Royal Bank Ali Jam). - 17D-
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