OREANDA-NEWS.  February 2, 2012. Azerbaijan’s insurer Pasa Sagorta has established business relations with leading European assistant companies.

The Company reports that PS delegation finished work at international conference “Management of insurance claims – 2012” held in Prague on 19-20 January.

The conference organized annually by international research group Uniglobal traditionally draws managers of technical and legal divisions of the largest international and national insurance companies as well as representatives of assistance, consulting, and IT companies, providing modern infrastructure and automation of the management process of insurance claims.

"Pasha Insurance attaches significant importance to constant studying of leading international practice related to technical directions of insurance business and accurate implementation of the western know-how in the local market. Regulation of insurance claims has always been one of most important topics of development of insurance, therefore our participation at the forum of leading technical experts of this sphere provided us with a lot of material which we can use for the benefit of Pasha Insurance as well as its clients. I would like to particularly emphasize the establishment of business relations with leading European assistance companies at the conference, as their experience and work practice represent for us an invaluable material,” said Orkhan Mammadov, Company’s Board Management Member and Chief Technical Officer, when commenting after return from Prague.

Pasha Insurance OJSC, a member of Pasha Holding Group, provides services to both corporate and individual clients on 31 types of insurance. With an authorized capital of AZN 30 million and current cost of actives at AZN 47 million, the Company is a leader of the national insurance market on the volume of capitalization and one of the important reinsurance companies of the Azerbaijani insurance market.