YEREVAN, February 15. /ARKA/. Armenia’s insurance companies paid 45,661 compensations totaling about AMD 9.2 billion on obligatory car insurance policies, according to the information available on the website of Armenian Car Insurers’ Bureau.
The bureau says there were more than 390,300 insured vehicles in Armenia in late December 2012. It says more than 46,100 requests for compensations have been received over the year. Of them, 475 applications have been declined.
Payment of AMD 176.4 million is under way now. Insurance premiums totaled about AMD 15.1 billion in 2012.
Now seven insurance companies operate in Armenia.
The obligatory car insurance was instituted in Armenia on January 1, 2011.
The Central Bank of Armenia has been controlling the country’s insurance market since Jan 1, 2006. ($1-AMD 406.6). -0–
