Volume of AzSigorta compensations paid customers sharply lowered

11:15 - 2.05.2024

May 2, Fineko/abc.az. AzSigorta OJSC collected insurance premiums in the amount of 3 million manats for the first 3 months of this year.

ABC.AZ reports with reference to the Central Bank that company's premiums grew by 153,000 manats (a rise of 5% against Jan-Mar 2023 – 2.847 million manats.

The sum of payments to company's customers totaled 313,000 manats (1.938 million manats, or 7.2-fold less than a year earlier). Over Jan-Mar 2023, the company made insurance payments to affected customers in the amount of 2.25 million manats.

The company's loss rate was 10%.