Three Armenian insurance companies pay 66 percent of all compensations to holders of car insurances

YEREVAN, October 11, /ARKA/. Three Armenian insurance companies accounted for 66 percent of all reimbursements paid to owners of compulsory vehicle insurances in the first eight months of 2012. In terms of money it amounted to 3.8 billion drams, the Bureau of Car Insurers said in a statement posted on its official website.

According to the statement, the total amount of all compensations paid to holders of car insurances in January-August was 5.8 billion drams. The leading company in terms of paid compensations was Rosgosstrakh-Armenia that paid 1.8 billion drams. It was followed by Ingo Armenia (over 1.3 billion drams) and Reso (almost 700 million drams). Overall, these three companies received 18.031 reimbursement applications.

The mandatory insurance against physical damage caused to other cars and individuals was introduced on January 1, 2011. This insurance type is supervised by the Central Bank’s financial oversight service. ($1-406.67 drams).-0-

spot_img

POPULAR

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

Armenian dram strengthens against US dollar and weakens against euro and ruble

YEREVAN, August 21. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram on the Armenian foreign exchange market on August 21, 2026, fell by 0.1 point to 365.16 drams compared to August 20.

Shares of Noubar Afeyan’s Moderna soared 124% on news of a successful cancer vaccine trial

YEREVAN, August 20. /ARKA/. Shares of the biotech company Moderna soared 123.6% at the start of trading in the US on August 19, reaching a peak of $140.77, according to trading data. Shares of the pharmaceutical company Merck also rose 11.6% to $150.85, according to Forbes.ru.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img