PASHA Life insurance reports y-o-y twofold increasing premiums

Azeri insurer PASHA Life collected AZN 52.41 million in premiums in January-April 2017, a double volume compared with the same period of 2016, the company has stated on 16 May.

Indemnities paid by PASHA Life rose by 37% or AZN 2.78 million, amounting to AZN 10.11 million during the period.

As of April 1, 2017, the authorized capital of PASHA Life OJSC totaled AZN 40.25 million

The insurer's target for the current year is of collecting insurance premiums worth AZN 102 million, the Chairman of the company's Management Board, Niyaz ISMAYILOV, stated one month ago. In 2016, insurance premiums of PASHA Life company amounted to AZN 77.679 million that is by AZN 23.15 million or 42.5% more than in 2015

PASHA Life has been operating since 2011 and it is the biggest life insurance company of Azerbaijan.

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