Era Trans without compulsory insurance diminished by half

The inability to collect premiums for compulsory insurance weakened a number of players. They decreased, but did not "die". So the Finance Ministry will have to take new directives to remove the "get in the way average performance" of the way of the Bureau of Compulsory Insurance.

Insurance company Era Trans in January-September this year, collected a total of 760.85 thsd AZN - most two times lower than the same period last year - then it collected 1 million 429.32 thousand manats.

Most of the premiums were for car insurance CASCO - 273.75 thousand manats. Most payments were made also for road accidents - 244.51 thousand manats.

Premiums for the basic types, except the lead, distributed as follows. Following CASCO insurance were voluntary health insurance (VHI) - 253.92 thousand manats, property insurance against fire and other risks - 111.94 thousand manats, insurance of customers from accidents - 48.35 thsd AZN, cargo insurance - 14.4 thousand AZN and travel insurance - one thousand manats.

Insurance of general liability collected 40.05 thsd manats, on liability of vehicle owners - 13.44 thsd, and on the responsibility of employers - 5 thousand manats. As noted above, there were no premiums for compulsory insurance.

Aggregate payments of the company made up AZN 429.83 thsd, which is also lower than last year, almost by a half. The second position after Casco - accident insurance paid 79.62 thsd manats, VHI paid 40.65 thsd AZN, insurance upon fires paid 59.05 thsd AZN, liability insurance of vehicle owners paid one thousand mantas and the so-called old CTP payments totaled five thousand manats.

Capitalization of the company now stands at 5 million 268 thousand manats.

The insurance company Era Trans began operations in April 1994. Due to changes in the statute and the re-registration of the company in the form of an open joint stock company in 2006, it was issued a new license for a period of 5 years.

The company has a branch in the city of Sumgait. - 17D-