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

Unibank Becomes Title Sponsor of Alashkert Football Club

Unibank and a four-time champion of Armenia "Alashkert" Football Club, have expanded their partnership, with the Bank becoming the club’s title sponsor.

Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation

On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.

Head of Central Bank of Armenia explained why the strengthening of the dram does not offset the rise in global commodity prices

At a press conference on Tuesday, Martin Galstyan, Chairman of the Central Bank of Armenia, commented on the impact of the strengthening of the dram on the price dynamics of imported goods.

Food prices account for 57% of inflation in Armenia – WB

Food and non-alcoholic beverage prices account for 57% of inflation, despite a slowdown in their growth rate from 8.6% in June to 6.4% in August, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img