Accidents at work - unfairly profitable article

BAKU/16.01.14/Turan : Azerbaijani insurance companies in January - October collected 24 million 885.01 thousand manats for compulsory insurance and disability of individuals from accidents and occupational diseases . This is 12.7% or more compared to last year, when their account was 21.73 million manat .

According to the information of the State Insurance Supervision Service of the Ministry of Finance AR , payments on this type of insurance amounted to 1,457,360 ( 19.9 %) , significantly better than the season before.

Payout ratio of 5.87 % and premiums - that is, companies are hoarding capital only , disregarding the interests of customers.

Services in Azerbaijan on this type of insurance are provided by three insurers - Pasha Hayat Sigorta, Ateshgah Hayat Sigorta and Qala Hayat Sigorta. - 17D-

 

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