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Compulsory

Insurance

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Compulsory Insurance

Compulsory insurance is aimed at protection of the state, companies and large numbers of populations from risks. Compulsory insurance contract is signed by a physical or legal person, based on the requirement set by law. The law requires obligatory enrollment in life, medical or property insurance of certain categories of citizens or the property of companies. In addition, it includes liability insurance for property and other damage of individuals or companies.

Compulsory insurance is regulated by the Law of the Republic of Azerbaijan "On compulsory insurance," and requires licensing of insurance companies involved in compulsory insurance activities.

PASHA Insurance has a license to operate on compulsory insurance of civil liability of owners, compulsory insurance of real estate and compulsory liability insurance associated with the operation of real estate. The company is included in the register of the Bureau of compulsory insurance.

Purchase and contract of compulsory insurance is available both at the HQ of PASHA Insurance and through the network of offices all over the country. Registration can be completed on-line by connecting to the database of Bureau of compulsory insurance.

Note: More information about Compulsory Property Insurance is here

Insurance Claims

Мошенничество в финансовом учрежденииSwindle in financial company

A financial company have prospered for the last years and suddenly faced to some problems. Last audit revealed a shortage. Further, the investigation displayed that the reason for that were fraudulent activities one of the organisation managers, who simply had misappropriated funds. Rumors about it were spread within the company very fast and then it became known outside of company. This news put many people reputation on the line, from customers of a financial company to shareholders and employees. Such kind of situations negatively affect the image and reputation of company.

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