Rosgosstrakh-Armenia insurance company settles 350 cases paying 55 million drams as compensation

YEREVAN, February 16, /ARKA/. Rosgosstrakh-Armenia insurance company has settled so far 350 cases involving car damages, having paid 55 million Drams as compensation, the company’s chief executive Gagik Grigorian told a news conference today.

He said the company’s call center has received 5,170 telephone calls this year to have registered 1464 road accidents involving its clients. The biggest per day cases were reported on February 1 (140) and February 4 (70) when the weather deteriorated drastically.

Gagik Grigorian said another 1000 applications were under consideration. He said the company may pay as much as 300 million Drams in compensations. An average compensation payment is 162,000 Drams. Rosgosstrakh-Armenia is the leader in the car insurance market holding 36%.

The mandatory insurance against physical damage caused to other cars and individuals became mandatory in the country on January 1, in accordance with a government-drafted law passed by the Armenian parliament last year.

According to the government data, there are some 430,000 or so vehicles registered in Armenia. ($1 – 365.4 Drams). -0-

spot_img

POPULAR

Armenian banks’ capital amounted to nearly 2.23 trillion drams at the end of June, representing a 13.63% increase year-on-year

The total capital of Armenian banks as of June 30, 2026, amounted to 2 trillion 226.85 billion drams, an increase of 13.63% compared to June 30, 2025, and a decrease of 3.13% compared to March 31, 2026.

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

Armenian banks’ loan portfolio exceeded AMD 8.56 trillion in the second quarter, representing a 23.56% year-on-year increase

The total loan portfolio of Armenian banks as of June 30, 2026, exceeded AMD 8.56 trillion, representing a 23.56% increase compared to June 30, 2025, and a 6.8% increase compared to March 31, 2026.

Moody’s affirms Converse Bank’s ratings and changes outlook to positive from stable

Moody's Ratings has affirmed Converse Bank's long-term deposit ratings at Ba3 and changed the outlook to positive from stable.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.18 points on July 28, 2026, compared to July 27, to 366.54 drams.

LATEST NEWS

spot_imgspot_imgspot_img