Sat, 26 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Mandatory car insurance tariffs may rise in 2013- INGO Armenia

YEREVAN, January 8. /ARKA/. Executive director of Ingo Armenia Levon Altunyan said mandatory car insurance tariffs may climb in 2013.

“The speculations around raising mandatory car insurance tariffs are becoming more and more reasonable,” he said in the interview with ARKA news agency.

According to the Armenian Motor Insurers’ Bureau, the insurance companies paid nearly 8.2 billion drams in  39,665 mandatory car insurance compensations in January-November 2012. The insurance premiums stood at 13.6 billion drams over 11 months.

Altunyan said there is much in store for this year as the client base has been increasing many times since last year.

All types of insurance reported progress last year, except for casco insurance, as this sector received less funding through the banking system, therefore the volume of the insurance premiums of this type has also dropped, according to him.

Altunyan also said the most important event of 2012 was adoption of a number of regulations related to medical insurance enlargement. —0–

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

LATEST NEWS

spot_imgspot_imgspot_img