Azerbaijan, Baku, Sept. 7 / Trend , U.Ismayilova/
The Azerbaijani Insurance Company Pasha Sigorta was announced the winner of competitive selection to define corporate medical insurer for the Access Bank, the company said on Sept. 7.
The Pasha Sigorta reports that the proper contract on the results of selection was signed by CEO of the Access Bank Andrew Pospilovski and CEO of the Pasha Sigorta Nofel Rzayev.
Presently, the Pasha Sigorta serves medical insurance contracts of the Bank Respublika, the Pasha Bank, the Bank of Baku and the Bank Avrasiya. Signing of the contract with the Access Bank approves the Pasha Sigorta amongst leaders of the market of banks' medical insurance in the country.
The contract will cover with medical insurance the bank's all personnel, including the different categories of bank and administrative employees, working in Baku and the country's other cities.
The project is one of the largest bank insurance projects in the country in the official medical insurance segment.
PS Corporate Medical Insurance Program built on the basis of multi-provider service model runs 24-hour support of applications of customers within the framework of medical insurance and controls quality of medical aid in leading medical institutions and drug's store network of the country.
In 2007, PS was certified by British agency Moody International for conformity to standard of insurance product quality management ISO 9001:2000 and work of Medical Insurance Service can be covered by this international standard.
Pasha Sigorta is member of Pasha Holding. It renders services to corporative and individual clients on 30 kinds of insurance via central office in Baku and service departments in Sumgait and Khirdalan. The company's authorized capital is 9 million manat and aggregate capital - 11.5 million manat. In this regard, the company enters top ten of the country's leading insurers. The company's collections amounted to 4 million manat with a 0.9-million manat of payments in the first half of 2009.
AccessBank is 100 percent foreign owned by six shareholders, consisting of: the European Bank of Reconstruction and Development, the International Finance Corporation, the Black Sea Trade and Development Bank, KfW Development Bank - the Development Bank of the German Government (20 percent each), Access Microfinance Holding acting in microfinance field as a strategic investor (16.5 percent), and LFS Financial Systems GmbH - a German consulting company (3.5 percent).
On Sept. 7, the official exchange rate is 0.8038 manat to $1.
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