Bureau of Compulsory Insurance became the core niche market

BAKU/16.12.13/Turan : Minimum strap premiums collected in January-November member Bureau of compulsory insurance , is 5.16 million manat. That's the number gathered "Alfa Sigorta", whose license was first frozen and then defrosted order of the Minister. It is much inferior to its competitors for premiums.

In general, participants in the collective piggy of the Bureau received during this period 257.12 million manat, which is more than two thirds (69.7%) of the total (368.88 million manat). If we add to these prizes compulsory insurance against accidents and diseases at work, see that the local market is almost entirely (except for LCA and CASCO) of compulsory insurance. Expected dynamics of the segment includes that from the beginning of next year life life insurance companies will connect to the Bureau.

Even greater imbalance in the ratio of payments - all claims insurance customers "elite" received 85.04 million (77 % of the 110.48 million manat compensated ) .

Bureau of Compulsory Insurance founded on 16 December 2011 in accordance with the requirements of the law of the same name . The structure of the part until the 11 participants of the insurance market , which consists of 28 companies .

The primary function of the Bureau - compensatory payments and certain financial fund management , which will be produced by these compensation . Compensation will be made in the event of bankruptcy of insurance companies - members of the Bureau .

Financial Resources Bureau formed from the entrance fee , security deposit for each type of compulsory insurance , as well as 5 % of the total premiums for compulsory that insurance companies will be credited monthly to the Bureau.

The law "On mandatory insurance" covers 4 types of compulsory insurance . This CTP insurance, property insurance, liability insurance in the operation of real estate, insurance for passengers . At the same time under the terms of the law , to provide services to these types of compulsory insurance will be only those insurance companies that are members of the Bureau. - 17D-