BAKU/16.01.14/Turan : Minimum strap premiums collected over the past year by members of the Bureau of Compulsory Insurance is 5.65 million manat. That's the number gathered "Alfa Sigorta", begins the " new life" after the restructuring . It is still significantly inferior to its competitors for premiums , but this year will strengthen its position , as evidenced by corporate contracts with leading budget organizations .
In general, participants in a collective piggy Bureau received during this period 278.74 million manat, which is slightly more than two -thirds ( 68.7 % ) of the total ( 405.67 million manat). If we add to these prizes compulsory insurance against accidents and diseases at work, see that the local market is mainly composed of compulsory insurance. Expected dynamics of the segment includes the fact that since the beginning of this year life insurance companies have joined the Bureau. Note that on account of the four leading insurers (of 28 companies on the market ) 174.27 million manat or 43 % of total premiums.
Even greater imbalance in the ratio of payments - all claims insurance customers "elite" received 93.72 million ( 76.3 % of the 122.8 million manat compensated ) . Here , as expected , leading the company "Pasha Sigorta", almost 2 times faster than the nearest competitor , thanks to social orientation.
The Bureau of Compulsory Insurance was 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 is 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 and insurance of 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-
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