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This document explores the multifaceted framework of compulsory building insurance in Azerbaijan, covering crucial aspects such as physical and environmental influences, legal implications, and technical structures. It emphasizes the importance of soil and climate conditions, ownership regulations, and the role of government agencies. Additionally, it addresses financial frameworks concerning premium collection, auditing, and asset management, alongside procedures for efficient claims management during catastrophes. The analysis aims to identify challenges and enhance transparency and flexibility in the insurance process.
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COMPULSORY BUILDING INSURANCE AHMET CAFER CELEBILER AZERBAİJAN
A- PHYSICAL & ENVIRONMENTAL FRAMEWORK • LOCATIONAL CHARACTERISTICS • BUILDING STOCK • SOIL CONDITIONS • CLIMATE CONDITIONS
B- LEGAL FRAMEWORK • OWNERSHIP • OWNERS, NEIGHBOURS LIABILITY • CATASTROPHY LAWS • INSURANCE LAWS • COMPULSORY INSURANCE LAWS & REGULATIONS
C- ORGANIZATIONAL FRAMEWORK • THE MINISTRY • OTHER GOVERNMENT AGENCIES • ASSOCIATION OF INSURANCE COMPANIES • INSURANCE COMPANIES • COMPULSORY BUILDING INSURANCE MANAGER • LOSS ADJUSTERS
D- TECHNICAL FRAMEWORK • INSURANCE & UNDERWRITING • REINSURANCE • INFORMATION TECHNOLOGY • COMMUNICATIONS NETWORK
E- FINANCIAL FRAMEWORK • PREMIUM COLLECTION • ACCOUNTING • AUDIT • ASSET MANAGEMENT
SOME ISSUES TO BE TACKLED • ENFORCEABILITY • AFFORDABILITY • ELIGIBALITY • TRANSPARENCY • PREMIUM AUDIT AND FLEXIBILITY • UNDERINSURANCE AND AVERAGE • PUBLIC RELATIONS • CAPITAL AND ASSET REQUIREMENTS
SAMPLE CLAIMS MANAGEMENT PROCEDURES • CATASTROPHY • MOBILIZING LOSS ADJUSTERS • RECEIVING CLAIM NOTICES • MOBILIZING IN THE CATASTROPHY AREA • LOSS ADJUSTEMENT • AGREEMENT • MONITORING LOSS ADJUSTMENT • TRAINING • PLANNING • CBI HEAD OFFICE MOBILIZATION • EQUIPEMENT MOBILIZATION • COMMUNICATIONS MOBILIZATION • FINANCIAL MOBILIZATION • PAYEMENT OF INDEMNITY • CLAIMS DATABASE • PUBLIC RELATIONS AND PUBLICITY