OREANDA-NEWS. April 26, 2010. Azerbaijani insurance company Basak Inam has summed up the results of its activity for the first quarter of 2010.

The Company informs that its premiums reached AZN 480,318 as of 1st April of the year.

“The basic part of our premiums fell on fire insurance (AZN 171,679),” BI reported.

Basak’s compensation payments totaled AZN 234,020.

As of 1st April 2010 exchange rate was AZN 0.8034 to the US dollar.