By the end of this year may increase the number of insurers that specialize in life insurance.
According to the head of the supervisory board of AXA MBASK Eldar Garibov, his "baby is at the start, and for a few years has been ready to take that step". He said that the importance of creating a specialized life insurance companies retained, and the local market is not saturated neither the participants nor the quality of services offered.
Specialists of AXA MBASK do research in this segment, and assess the risks and potential of life insurance.
Garibov considers that there are two ways: the creation of a "subsidiary", as it was done by Ateshgah and Pasha Sigorta and the acquisition of "finished product" that has the experience and achievements in this field.
Today, life insurance has 3 of the 28 local insurers. According to the State Insurance Supervision Service, the positions of life insurance collected 20.68 mln and paid 1.09 million manat.
Open Joint Stock Company AXA MBASK has been operating in the insurance market since 1992 and provides services on 25 voluntary and 4 compulsory insurance items.
Recall that in October 2010, the insurance company changed its main shareholder, and on 7 December of that year, its license was renewed.
The controlling stake (51%) was acquired AXA Group (France) through its subsidiary AXA Sequros Generales, SA, De Sequros Y Reasequros (Spain).
Paid-up share capital of the company now stands at 6.74 million manat. It has a national network of 5 branches and representative offices. - 17D-
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