Azerbaijan, Baku, May 10 /Trend, A.Akhundov/
Azerbaijan's life insurance companies in first quarter 2011 collected premiums in amount of more than planned to be collected during the year, chairman of the Qarant Sığorta Insurance Company Vagif Hasanov said in an interview with Trend.
Forecasts of life insurance companies were quite pessimistic, they did not suppose that they will have such collections for the first quarter. The first quarter was the peak, now a decline is recorded," Hasanov said.
In January-March 2011, the premiums of the Azerbaijani insurance companies from compulsory insurance of labor ability loss in production was 5,959,671,56, which is three times higher than January-February. This is stated in the report of the Finance Ministry of Azerbaijan on the results of insurers for the first quarter.
Only three companies - Atesgah Heyat, PASA Heyat Sıgorta and Qala Heyat - render life insurance services.
In total, there are 28 insurance and one reinsurance company in Azerbaijan.
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