Insurance fees of Standard Insurance up by 4%

Baku. 10 October. REPORT.AZ/ In January-September 2016, insurance fees of Standard Insurance JSC totaled 17 517 807 AZN.

Report informs referring to the company, it is more by 4,12% compared to the same period last year.

During the reporting period, insurance payments of Standard Insurance increased and amounted to 6 568 350 AZN, which is more by 16,22% than in the same period last year.

In January-September, 37,5 AZN insurance payments accounted for every 100 AZN of insurance proceeds. In January-September 2015, this ratio was 33,59.

Notably, the "Standard Insurance" has been operating since 2002. The authorized capital is 11 mln manats. This amount formed on the basis of 11 000 shares at nominal value of 100AZN each. 100% of the shares owned byAB Standard CJSC.