OREANDA-NEWS. October 22, 2008. The distribution of the "Company of the Year" national award instituted by the "Consulting & Business" journal and, since 2000, presented to the country's best companies for the year in different nominations, took place in the palace of "Gulistan", reported the press-centre of International Bank of Azerbaijan.

The International Insurance Company (IIC) was awarded the prize in the "Best Insurance Company of the Year" nomination.

In defining the best insurance company of the year, the journal was guided by the fact that IIC currently holds one of the leading positions in the insurance market of Azerbaijan in terms of its financial performance and quality of services rendered.

Thus, following the half-year results IIC was among the top three in terms of the volume of collected insurance premiums. Suffice it to say that in terms of the quality of services IIC is currently the only company in the insurance market of Azerbaijan, the clients of which can pay insurance premiums using the ATMs (automatic teller machine) of the International Bank of Azerbaijan.

In addition, when selecting the best insurance company, the fact that IIC ranked first according to a public-opinion poll conducted by the company "Baker and Partners" among 833 respondents on the subject of "What is your most trusted insurance company?", was also taken into consideration.

As is well known, IIC was established by the International Bank of Azerbaijan and has been operating since April 2002. The company is currently rendering services with respect to 29 types of voluntary insurance and 5 types of compulsory insurance. The company has two branch offices, in Gandzha and Sheki, as well as two service departments in Baku. The opening of a branch office in Lenkoran is expected to be soon.