AzSığorta lost about AZN 5 million


September 24, Fineko/abc.az. Sales, including premiums of insurance company AzSığorta, one of the participants of the insurance market of Azerbaijan, continue to decline.

ABC.AZ informs with reference to the Central Bank of Azerbaijan (CBA) that for Jan-Aug 2021 company's premiums sharply decreased.

Thus, compared with Jan-Aug 2020, insurer’s premiums decreased by AZN 4.615 million or 38.61% to AZN 7.338 million.

Unlike decrease in premiums, there was a sharp increase in the amount of finances paid by the company on various insurance cases. During this period AzSığorta's compensation payments increased by AZN 1.556 million or by 42.46% to AZN 5.221 million.