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Azerbaijan Insurance Companies State Dramatic Increase in Sale of Fire Insurance Services

Business Materials 21 August 2007 18:50 (UTC +04:00)

Azerbaijan, Baku / Trend corr U. Ismayilova / Azerbaijani insurance companies state a dramatic increase in fire insurance. The polled representatives of Azerbaijani insurance companies reported to Trend on 21 August that a dramatic increase in fire insurance began after the Azerbaijan Emergency Situations Ministry began operating. The Charter of the Emergency Situations Ministry was adopted in February 2006. Employees of the ministry frequently carry out checks in private and state organizations revealing whether they observe fire safety.

"The sale of voluntarily fire insurance has increased almost 10 times since the ministry began to regulate fire safety regulations," the deputy director of Era-Trans insurance company, Ismayil Maharramov, said.

The sale of fire insurance has increased by approximately 30%, the chairman of the board of Azer Assiya insurance company, Gambar Suvanverdiyev, said.

"An increase in fire insurance has been observed in the Azerbaijani insurance market during the last month," the deputy chairman of the board of Standard Insurance company, Aydyn Rahmanov, said.

According to a poll, the public has an interest in this type of insurance.

There are 29 insurance companies in Azerbaijan.

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