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EBRD: EAST BANK BUYS 30% OF AZERI INSURER MBASK.(Brief Article)

Azerbaijans insurance market is growing fast. Premium volume increased by 13.5% in 2004 alone. MBASK, one of the top five of 29 insurance companies in terms of market share, offers insurance products focusing on clients outside the oil and gas sectors. Among the major insurance companies in Azerbaijan, MBASK is one of the few not to have to have focused exclusively on the oil and gas industries and to have developed a full range of life and non-life insurance products. oThe insurance market in Azerbaijan continues its fast development and it is important for MBASK to remain at the

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