Revenues of 'Pasha Hayat' insurance company increased by 37%

Baku. 27 November. REPORT.AZ/ In January-October, insurance premiums collected by "Pasha Hayat" insurance company amounted to 47.992 mln AZN, which is 36.6% more compared to the same period last year.

Report informs referring to the company, "Pasha Hayat" is a leader in life insurance market of Azerbaijan in terms of insurance premiums with a share of 49% collected by 10 months of this year.

In addition, during the reporting period, the volume of insurance payments increased by 3.3 times compared to the same period last year and reached 8.169 mln AZN.

As a result, 975 mln AZN on compulsory insurance and 7.194 million on voluntary life insurance payments have been made. General insurance fees on compulsory insurance in the insurance payments, the share of 11.9%, while the amount of payments related to the types of voluntary insurance amounted to 88.1%.The share of insurance payments on compulsory insurance amounted to 11.9%, while the amount of payments related to the types of voluntary insurance amounted to 88.1%

"Pasha Life Insurance" has been operating since February 2011.

The authorized capital of the company is 40,250 mln AZN.