People are more insured against deaths in production

Endowment insurance made ??the biggest jump among all species present in the local market - if the previous year was collected 7.61 million, by September 1 of this year it was 20.67 million manat.

According to the head of the Public Service of Insurance Supervision Mahir Abdullayev, the activity is associated with the introduction of compulsory insurance. "Companies specializing in life insurance, other than the risks associated with accidents at work plan to get "protected" also from other force majeure. It is therefore not surprising that the figures grow, given that almost all of their clients are from the corporate sector," the expert believes.

Payments in this form of insurance of 1.87 million against last year's 2.52 million AZN is, according to Abdullayev, a tendency to reduce the insured event. However, in practice it is not so - it is just profitable for companies to spend money on legal fees to protect the interests of the insurers and enter the expenses into the column "doing business."

As a result of frequent deaths in the production the column "death insurance" grew almost twofold - by 1 September last year 1.77 million was collected, while this year the sum was 3.34 million manat. -17D-