Azerbaijan to introduce institute of insurance mediation

12:37 - 7.05.2018


May 7, Fineko/abc.az. The Azerbaijan Insurers Association (ASA) offers a new form of settlement of insurance disputes.

ASA reports that the Association proposes introduction of a new form of insurance dispute settling for Azerbaijan – by method of mediation, particularly without bringing the issue to trial.

"The mediator company proposes to solve the issue by mediation promptly, within one day, if the dispute is complex and requires special investigation, then up to 30 days. As a result of the arrangement of the policyholder and the insurer, an agreement on the application of mediation procedure (mediation clause) is provided," ASA informed.

 

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