Ravan Sigorta OJSC has appealed to the Central Bank of Azerbaijan to revoke its license for insurance activities.

According to Report, no negotiations are underway on the transfer of the company’s collection portfolio. Thus, in January-June this year, the company’s insurance premiums decreased by 16.5% year-on-year to 1.078 million manats, and insurance payments increased by 36.6% to 235,000 manats.

The general meeting of shareholders was held on August 10. The event’s list included the voluntary liquidation of Ravan Sigorta, the application to the Central Bank of Azerbaijan for the revocation of its license, the establishment of the Liquidation Commission, and the cancelation of the Ganja branch.