AZERBAIJAN: new life insurer Xalq Hayat has already collected GWP worth over AZN half million

20 November 2019 — Marina MAGNAVAL
At the end of September 2019, the new life insurer Xalq Hayat generated GWP for "life insurance of persons borrowing loans" and "compulsory insurance against industrial accidents and occupational diseases" worth of AZN 577 thousand (~EUR 310 thousand), ABC.AZ reports.

The company was registered in March this year and started to sell its products in May. The insurer's charter capital is AZN 15 million (~EUR 8 million), Halq Sigorta owns 100% of its shares.

Xalq Hayat provides services both in compulsory and voluntary insurance. According to the company, on May 8, 2019 the insurer was included into the register of compulsory insurance companies of the Union of legal entities for compulsory insurance against industrial accidents and occupational diseases.

*EUR 1 = AZN 1.8592 (30.09.2019)



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