YEREVAN, April 22. /ARKA/. Armenia’s top three insurance companies paid a total of about 1.9 billion drams or 68.7% of the overall volume of car insurance compensations in the first quarter of 2013, Armenian Motor Insurers’ Bureau reported.
Overall volume of car insurance compensations amounted to about 2,763.6 million drams in the reporting quarter, according to the report.
Rosgosstrakh tops the list with 878.8 million drams paid in car insurance compensation in Q1.
Ingo Armenia and Reso paid over 658.8 mln drams and over 363mln drams respectively.
Number of claims filed with the top three companies in the period was 9,750.
There are currently seven insurance companies operating in Armenia’s insurance market. The mandatory car insurance was introduced in the country as from January 1, 2011.
The central bank is the regulator of the country’s insurance industry. ($1=416.39drams). –0–
