Wed, 2 July
29.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Armenian CTP compensation payments total about amd 591,7 mln in January

YEREVAN, February 15, /ARKA/. Armenian insurance companies paid about AMD 591.7 million in 2,675 compensation payments on Compulsory Third Party Insurance (CTP) in January 2012, the Car Insurers’ Bureau Web site states.

“As of January 31, more than 311.8 thousand transportation vehicles are insured, the number of compensation claims reached about 2.9 thousand, 18 of which were not fulfilled”, the Web site says. Moreover, compensation payments amounted to AMD 111.8 million are being currently proceeded.

Also the amount of insurance premiums totaled around 6.9 thousand drams.

In present, there are 8 insurance companies in Armenia. The Institute of Compulsory Third Party Insurance (CTP) that implies a mandatory requirement for each individual car to be insured or the vehicle will not be considered legal has been operating in Armenia since January 1, 2011.

Since January 1, 2006 the Armenian insurance market has been controlled by the Central Bank of Armenia that includes the unified system for financial supervision. ($1-388.69 drams). —0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img