Collections of Standard Insurance up by 3%

Baku. 12 January. REPORT.AZ/ Insurance collections by Standard Insurance OJSC amounted 20 312 214 AZN in 2016. Report was informed in the company, this is more by 2.96% compared to the same period in 2015.

In reporting period Standard Insurance’s payments also rose. The company made payments in the amount of  8 751 386 AZN, which is 11.81% higher in annual comparison.

Standard Insurance returned 43.08 AZN for each 100 AZN collected from customers. This correlation in 2015 was 39.67%.

Notably, Standard Insurance was founded in 2002. Its authorized stock capital is 11 mln AZN. Its stock consists of 11000 shares with par value of 100 AZN. AB Standard CJSC is a sole owner of the company.