12:33 - 3.04.2026

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April 3, Fineko/abc.az. The Central Bank of Azerbaijan has amended the Rules of compulsory insurance of civil liability of owners of motor vehicles.

ABC.AZ informs, referring to the regulator, that the measures are aimed at the sustainable development of the insurance market, increasing fair treatment of consumers and strengthening confidence in insurance services. One of the steps was to improve the mechanisms for determining insurance tariffs for compulsory motor insurance.

Insurance premiums on this type of insurance are calculated using coefficients that take into account the risks of damage to property and health of third parties during the operation of vehicles.

It is noted that taxis used to transport passengers are operated more intensively, which increases the frequency of accidents and the level of emergency risks. The analysis showed that compared to private cars, taxis are more likely to cause damage to third parties.

In this regard, it became necessary to apply special coefficients for vehicles used in taxi activities.