Tenfold increase in mandatory premiums of Standard Insurance

Compulsory insurance of Standard Insurance for the year increased by 10 times - if, before October 1 last year, it was 759.63 thousand manats, this year it was 7 million 615.25 thousand manats. 

Most of them (7.08 mln) fell on compulsory insurance of property against fire. 

Through participation in the Bureau of Compulsory Insurance premiums on voluntary (8 million 850.89 thousand manats) are almost equal to the binding species. From January to September this year, the most awards came from voluntary (CASCO) Car Insurance - 3 million 614.33 thousand manats. 

Going on the next line after the car insurance are premiums of property from fires and other risks - 2 million 691.19 thousand manats fees. On the third step is Voluntary Health Insurance (VHI) - 1 million 537.33 thousand manats. 

Payment of the company compared to January-September 2011 increased by 56.4%. If this year they were on the level of 3 million 422.42 thousand manats, last year, the figure was 1.93 million manat. Below is a complete table of premiums and benefits. 

Insurance company Standard Insurance, a member of the group of companies AB Standard, has two regional offices and an extensive agent network in the capital and regions of the country, as well as a subsidiary in the Republic of Georgia, which is carrying out its activities as an insurance company. 

Standard Insurance has been operating in the insurance market since October 2002. In October 2007, the company transformed into a joint stock company (JSC). It provides services for 24 types of voluntary and 5 types of compulsory insurance. 

The authorized capital is 11 million manat. Shareholder is a single legal entity. - 17D-