Wed, 1 October
16.1 C
Yerevan
USD: 382.52 RUB: 4.64 EUR: 449.38 GEL: 140.57 GBP: 514.03

Around AMD 2.8bln paid in mandatory car insurance compensations in Armenia in Q1

YEREVAN, April 22. /ARKA/. Armenia’s insurance companies paid a total of about 2,763.6 million drams in 13,947 compensations for mandatory car insurance in the first quarter of 2013, Armenian Motor Insurers’ Bureau reported.

There are more than 367,800 motor vehicles insured in Armenia as of Q1, 2013, according to the report. There were over 13,799 claims filed for car insurance compensation in the reporting period; only 99 of them were turned down, the Bureau’s website reports.

Claims payments worth a total of 148.69 million drams are currently in process.
Insurance premiums totalled to about 7.4 billion drams in the period.

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–

spot_img

POPULAR

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

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

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img