Bureau of Compulsory Insurance improves registration system to prevent fraud in auto insurance


December 21, Fineko/abc.az. The Bureau of Compulsory Insurance undertakes measures to prevent fraud in the field of automobile insurance.

According to the board, from now on, the names of agents who will conclude contracts on compulsory motor insurance will be included in the bureau system.

"The Bureau of Compulsory Insurance is improving the internal system, in particular, in the field of registration of contracts for compulsory car insurance. The work is aimed at improving order in the field of compulsory car insurance, as well as increasing the transparency of intermediary activities. The work is carried out jointly with the Financial Markets Dfor the Supervision of Financial Markets," the Bureau said.

The bureau informed that from now on the insurance companies will be able to register in the system the contracts on compulsory insurance of cars, as well as insurance intermediaries. Thus, compulsory insurance of civil liability of vehicles will be provided only by authorized insurance agents.

"Insurance intermediaries will carry out sales independently, as before, each concluded contract will be registered in the central information system of the bureau, which will have a positive impact on transparency and increase responsibility of the intermediaries," the bureau said.



Keywords: insurance