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

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

LATEST NEWS

spot_imgspot_imgspot_img