Amount of insurance premiums to change - a new plan developed

17:32 - 16.06.2020


June 16, Fineko/abc.az. Serious innovations are awaiting the insurance sector of Azerbaijan.

ABC.AZ reports with reference to the Association of Insurers of Azerbaijan (ACA) that the changes will be reflected primarily in mandatory car insurance.

Speech is about change of the amount of insurance premiums, the bonus-malus mechanism, as well as a new approach to commission fees paid to insurance agents.

According to the information, in order to improve the insurance legislation, a plan of proposals was developed with the participation of insurance companies under the guidance and control of the Central Bank and submitted to the relevant bodies.

 

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