Gunay Sigorta denies itself-relating data - Statement


December 4, Fineko/abc.az. Gunay Sigorta is reportedly observed premium decline this year against Jan-Oct 2018.

ABC.AZ reports that in connection with this information the insurer stated that this year it has achieved the expansion of its activity directions and sales channels, regulation of the degree of harmfulness of the insurance portfolio, generation of profits on operating activity, the application of new corporate standards, as well as all the set goals. Compared with Jan-Oct 2018, the Company observed an increase in its premiums.

Thus, for the first 10 months of 2019 the insurer gathered premiums for AZN 5.996 million versus AZN 5.253 million for Jan-Oct 2018. As a result of effective management policy, proper regulation of harm and deviation from harmful activity, the compensation payments have also decreased. Thus, for Jan-Oct 2018 Gunay Sigorta paid AZN 2.726 million and for Jan-Oct 2019 – AZN 1.497 million.

The data on Company’s financial performance is reflected in the statistical report of the Financial Market Supervision Authority (FIMSA). Later it was reported that insurer’s 9-month premiums was presented as a 10-month premium collection as a technical error in the statistics.