Mon, 7 July
19.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Armenia plans to liberalize prices in car insurance market: Prime Minister

YEREVAN, November 14. / ARKA /. Armenian Prime Minister Tigran Sarkisian said the government plans to liberalize prices for mandatory insurance of vehicles, when speaking at Q&A parliament session today without specifying any date. He said now the government has a real picture of car accidents and a possibility to more accurately calculate the rates for mandatory insurance of vehicles.

The insurance against physical damage caused to other cars and individuals became mandatory in the country on January 1, 2011. According to official numbers, there are about 440,000 vehicles in Armenia.

The prime minister said before the introduction of mandatory insurance there were no precise statistics of road accidents, as not all of them were reported to road police. Sarkisian said the government shares the concerns of the parliamentary opposition concerning the situation on the insurance market.

“We share the concerns about proper distribution of funds and profitability in the insurance market. We discussed these issues with the Central Bank as well as with insurance companies,” he said.

According to him, the parties agreed to discuss the situation after summarizing the results of 2012.
Sarkisian said the problem will also be presented for discussion in parliament and assured MPs that the government is ready to discuss any constructive suggestion.

According to the Bureau of Car Insurers of Armenia, local 7 insurance companies in January-August this year paid 27,019 compensation totaling approximately 5.765.3 billion drams. Isurance companies are overseen by the Central Bank. ($ 1 – 409.47 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank invalidated banking license of Ardshininvestbank due to its merger with Ardshinbank

The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.

Average annual exchange rate of Armenian dram to US dollar  projected at 402 drams in 2025 – EDB

The value of the Armenian dram will decrease slightly in 2025, and its average annual exchange rate to the US dollar is projected at 402 drams in 2025, according to the Eurasian Development Bank’s (EDB)   macroeconomic forecast for 2025-2027.

Unibank’s “Haghtanak” branch serves clients from 9:30 am to 7:30 pm

Unibank branch “Haghtanak” has switched to a new operating mode - extended hours. Now clients can receive a full range of banking services from Monday to Friday - from 9:30 am to 7:30 pm.The branch is located at N94, 62 Komitas, Yerevan. 

Acba Bank donates amd 130 million to Military Insurance Fund (video)

Acba bank and other members of the financial group - ACBA Leasing and Amundi-ACBA - have donated more than AMD 130 million to Armenia's Military Insurance Fund in recent months, the press service of the bank reported

LATEST NEWS

spot_imgspot_imgspot_img