Azerbaijan, Baku, July 5 / Trend A. Akhundov /
Ipek Yolu Sıgorta plans to keep the fees amount in 2012 on the same level as last year, board chairman Niyazi Imanov told Trend today.
According to the State Insurance Supervision Service, the company collected premiums worth 21.58 million manat in 2011. Within five months of 2012 the company collected 680,000 manat.
Imanov explains such a low amount of fees by updated contracts in July.
He said the company has already started working on a new form of compulsory insurance for passengers, as well as other three types, controlled by the new law on mandatory insurance.
"We expect to collect 50,000-60,000 manat on compulsory insurance of passengers this year," he said. "This is not such a big amount, which is associated with binding the sum insured to the number of places, rather than the ticket price as before. The work on new types of compulsory insurance is going well."
The sum insured payable while concluding a contract on this kind for a period of one year for each vehicle is formed depending on the number of passenger seats in it and the amount determined for a single passenger seat, depending on the type of a vehicle.
The sum insured for one passenger seat in the aircrafts is defined in the amount of 14 manat, water transport - 5 manat, railway - 3 manat, vehicle - 6 manat.
İpek Yolu Sıgorta was established in 1995.
The official exchange rate is 0,7856 AZN/USD on July 5.