Thu, 5 February
-2.9 C
Yerevan
USD: 378.26 RUB: 4.93 EUR: 446.88 GEL: 140.65 GBP: 518.67

Actuary: “Ingo-Armenia” Covers About 20% Of Mandatory Car Insurance Market

YEREVAN, January 19. /ARKA/. The company “INGO-ARMENIA” covers about 20% of the Armenian market of mandatory car insurance, said responsible actuary of the company Hayk Zaimtsyan.

The company has already registered about 60 thousand contracts of mandatory car insurance. Process of car insurance polis will finish in February.

Zaimtsyan informed that currently “INGO-ARMENIA” has paid 4 million drams for compensation.

This amount was paid by facilitated regime of compensation which assumes payment by the agreement between the parties in the amount of 200 thousand drams. Compensation process exceeding 200 thousand drams has not started yet as relevant expertise is being conducted.

From January 1, 2011, 240 calls on car accidents was registered. In some cases car owners insured in “INGO-ARMENIA” were guilty and in some cases – clients of the company acted as sufferers.

Many car accidents were registered in the first days of January due to by bad weather and holidays.

On Wednesday, “INGO-ARMENIA” paid insurance compensation in the amount of 178 thousand drams for car accidents where the driver insured in the company was guilty.

Mandatory car insurance was introduced from January 1, 2011 in Armenia with the aim of compensation payment to the sufferers in the result of using transport means, as well as protection of sufferers rights.

There are about 430 thousand cars in Armenia, of which about 65% of cars have mandatory car insurance polis. The size of insurance payments by mandatory car insurance is about 7.8 billion drams. ($1 – 365.82 drams). –0—

spot_img

POPULAR

Euro drops against Armenian dram while US dollar ups a little

The average market exchange rate for the US dollar to the Armenian dram on February 2, 2026, increased by 0.39 points compared to January 30, reaching 379.03 drams.

Central Bank: significant portion of Armenia’s banking system profits generated by exportable services

In recent years, a significant portion of Armenia's banking system profits has been generated by exported banking services, according to Martin Galstyan, the chairman of the Central Bank.

Euro ups 3.39 points against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market on January 29, 2026, increased by 0.24 points compared to January 26, reaching 379.1 drams.

Armenia and EIB prioritize cooperation in economic development and private sector

Armenian Deputy Prime Minister Mher Grigoryan and the Head of the European Investment Bank (EIB) Unit, Matteo Rivillini, emphasized the importance of cooperation in economic development projects, particularly in the implementation of joint programs with the private sector in the country, the government press service reported.

Maldives trips and Apple devices awarded to loyal Byblos Bank Armenia customers

On January 30, the “Your Turn to Win” campaign organized for Byblos Bank Armenia Mastercard cardholders concluded.

LATEST NEWS

spot_imgspot_imgspot_img