OREANDA-NEWS. November 11, 2008.
- Mr. Galilov, could you tell to us about the performance of the International Insurance Company in January-September 2008?

- The results of this quarter are the indicators of good performance of our company. Over the period of 9 months, the volume of insurance premiums collected by the International Insurance Company (IIC) increased by 28% in comparison with the similar period of last year and totaled 15,042,183.11 manats. Of which: voluntary insurance - 14,704,338.58; compulsory insurance - 3 37 844, 53.The volume of compensations within 9 months of 2008 amounted to 3,098,877.70 manats.

- As we know, IIC has been nominated for the prize of "The Best Insurance Company of the Year". By which criteria has the IIC been awarded this prize?

- The prize presentation ceremony of the "Company of the Year" national award was held on October 4, 2008 in the palace of "Gulistan". According to "Caspian News" company, the International Insurance Company was awarded "The Best Insurance Company of the Year" nomination owing to the good strategy developed by our company management.

When defining the best insurance company of year, "Caspian News" was guided by a number of aspects that played a significant role. It should be specifically noted that the International Insurance Company holds the leading positions in the insurance market of Azerbaijan (in some to types takes even the first place), and in 2008 the increase in insurance premiums exceeded the expected rates by threefold.

It is also recognized that the innovation implemented by the International Insurance Company has improved the level of customer service by introducing the Information Technologies. Nowadays, all company customers can pay for the insurance policies using ATMs (automatic teller machine) of the International Bank of Azerbaijan.

It would like to add that the international Insurance Company ranked first according to a public-opinion poll conducted by "Baker and Partners" company among more than eight hundred respondents on the subject of "What is you most trusted insurance company?".

The company currently operates its two branch offices in Gandzha and Sheki. The opening of a branch office in the town of Lenkoran is expected to be soon.

- The trend of growing interest at the labor market to the new skilled personnel is currently noticeable. What can you say about it?

- Effective human resources management is of decisive importance to the successful operation of any company.

The International Insurance Company gives special attention to staff recruitment. We have recently established a recruitment commission. The commission consists of the skilled managers and experts of our company. The commission tackles one of the major issues - the selection of required specialists that have a sufficient experience and skill, in short, the best ones in the employment market.

Moreover, the company considers that the ongoing professional training of its personnel is an important and essential issue. Additional education and intellectual development contribute to the improvement of performance quality. Precisely for this reason, our company employees, on the permanent basis, attend trainings and various seminars held in the cities of both near and far abroad.