Standard Insurance collects 26% more insurance fees

This figure is a 26.3% rise year-over-year.

The Bank head office told APA that the amount of collected voluntary insurance fees reached AZN 6.227m, and compulsory insurance fees was AZN 289 939.

Besides, Standard Insurance made payments of AZN 1.095m to the inured (AZN 1.076m for voluntary insurance, AZN 19 747 or compulsory insurance). This figure is a 45.9% increase year-over-year.
Established in October, 2002, Standard Insurance’s nominal capital reached AZN 4m.