Insurance fees of Standard Insurance up by 22%

Baku. 18 August. REPORT.AZ/ In January-July 2016, premiums of Standard Insurance totaled 14 641 692 AZN, Report informs, the insurance company said.

According to the information, this is more by 21,87% in comparison with the same period of last year.

During the reporting period payments of the insurance company increased, thus, during 7 months

Standard Insurance made insurance payments in the amount of 4 900 577 AZN. This is more by 10,2% than in the same period of 2015.

In January-July 2016 Standard Insurance has paid 33,47 AZN of premiums back to customers per collected 100 AZN. In January-July 2015, the ratio was 37,01AZN.

Standard Insurance was established in 2002. Its registered capital is 11 million AZN. This amount formed on the basis of 11 000 shares with par value of 100 AZN. The company 100% owned by "AB Standard" CJSC.