Expert: Relationship between insurers and appraisers are at very low level in Azerbaijan
Azerbaijan, Baku, June 11 /Trend, A.Akhundov/
The relationship between insurers and appraisers are at a very low level, said the executive director of the Association of Insurers of Azerbaijan (AIA), Azer Aliyev.
"We can not say that the current assessment system hinders the development of insurance in the country. However, the current relationship between insurers and appraisers are at a very low level," Aliyev told Trend.
He said the insurers decide on the assessment on their own.
"And the appraisers do not display any activity to attract insurers into the ranks of their customers," said Aliyev.
He said to improve the appraisal activities for insurance in Azerbaijan, primarily it needs to increase the level of professionalism and sense of responsibility of appraisers and insurers.
The assessment of damages at insured facilities in Azerbaijan should be held on single standards, while concluding a insurance contract, Chief of the State Insurance Supervision Service under the Azerbaijani Finance Ministry Namig Khalilov said.
He said the cooperation of insurers and professional certified appraisers is necessary and has great prospects.
MP Vahid Ahmedov said the main problem in the insurance assessment is the lack of independent evaluation.
"If an insurance case occurred, the insurance company itself assesses the amount of damage. Often, this estimate is lower than the real," he said.
Azerbaijani Parliamentary Economic Policy Committee Chairman Ziyad Samadzade told Trend earlier that it is proposed to tighten the requirements for real estate appraisers in a bill "On compulsory types of insurance".
The bill "On compulsory types of insurance" would be discussed at the third reading in late June.
"The bill stipulates major changes, especially on the part of property insurance. An important question is the real expert assessment of the property transferred to the
insurance," Samadzade said.
He said Azerbaijan has no appraisers employed by modern standards, and no experience in this field.
"A modern methodology for assessing property and relevant norms are applied in the world. In the assessment with these tools one can record an error in 2-3 percent. One
building in Azerbaijan may be said assessed by several experts, whose findings are very different," Samadzade.
The bill "On compulsory types of insurance" was adopted on second reading and is now being finalized by a special commission.