Azernews.Az

66.2 percent of fees of Azerbaijani insurance company Pasha Sığorta, collected during the first three quarters of 2012, accounted for voluntary health insurance, the company told Trend news agency on Tuesday.

During the reporting period the company collected 23.97 million manat on this type, while the total amount of fees amounted to 36.21 million manat.

Such a high level of medical insurance share in the company's portfolio is explained by choosing Pasa Sıgorta as the insurer for employees of the Azerbaijani largest company SOCAR.

SOCAR medical insurance program was launched in January 2012 on the basis of SOCAR's decision to transfer its employees from departmental medical servicing to the corporate medical insurance program. At present, Pasa Sıgorta serves 70,000 SOCAR employees within this program.

The company paid the compensation worth 15.38 million manat in health insurance in January-September. The share of this kind in a total volume of payments amounted to 92 percent. In general, during the reporting period the company paid 16.57 million manat to its customers.

Pasa Sıgorta, a member of the Pasa Holding, provides services to corporate and individual clients on 30 types of insurance. Pasa Sıgorta is the leader of the national insurance market in terms of capitalization and one of the leading insurers and reinsurers in Azerbaijan.