Assets of Azərbaycan Sənaye Sığorta drop sharply

17:39 - 1.04.2024

April 1, Fineko/ There is a sharp decrease in the assets of Azərbaycan Sənaye Sığorta.

ABC.AZ informs that this is stated in company's annual financial report for 2023.

At that, company's expenses have increased. For example, its expenses amounted to 41.96 million manats.

In the previous year, the losses of the insurance company totaled 2.48 million manats, as expenses exceeded its income.

In 2023, the volume of assets fell from 42.52 million to 27.17 million manats. The main reason for the decrease is that the reserves for non-life insurance types operating in the insurance company fell from 21.58 million manats to 1.28 million manats.