The company’s Deputy Board Chairman Hikmet Allahverdi has reported that under the forecasts made at the start of the year the company is planning to increase the volume of fees by 20% versus last year.

" So far these are only forecasts but everything will depend on  the state of the country’s insurance market on the whole. The company is likely to collect as much as following 2010",- H. Allahverdi said.

Following 2010 the company collected premiums for AZN 2.6 million and made payments for AZN 1.51 million. Following January-September 2011 the company collected AZN 1.9 million and made payments for AZN 930.000. Turkish company Groupama Sigorta AŞ is the shareholder of Basak Inam Sigorta. Joint insurance company Basak Inam Sigorta operating since 1996 provides 31 types of insurance services. The company’s equity capital is AZN 3.5 million.