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Free tariffs should be formed on insurance market

This will improve the efficiency of insurance companies

Baku. 24 June. REPORT.AZ/ Settlement of the insurance market pricing system should be replaced by a system of price formation in conditions of free competition.

Report informs, President of the Insurance Supervision Agency of Slovenia Sergej Simoniti said today at the international forum in Baku.

According to him, some governments impose certain limits on premiums, taking into account the interests of consumers. This leads to a loss of insurance companies.

"Thus, the insurance market needed free tariffs, including for types of compulsory insurance of return, it is necessary to demand from insurance companies for insurance payments as soon as possible", S.Simoniti stressed.

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