Standard Insurance premium collection climbs 36%

Marketing Officer Nargiz Agayeva told that collections from voluntary motor insurance jumped 36%, year-over-year, to AZN 3.81m and property insurance collections rose 30% to AZN 2.34m.

Standard Insurance insurance payment rose 82% to AZN 2,004,472 and accounted for 24% of the collected premiums.

Established by the AB Standard Group of Companies in October, 2002, Standard Insurance nominal capital reached AZN 4m.
It provides 4 compulsory and 20 voluntary insurance services at present.

Standard Insurance is a pilot for motor insurance and the third for its authorized capital in Azerbaijan, APA reports.