Car insurance compensations surge by 32% to 3.6 bln drams in Armenia in April

YEREVAN, June 5. /ARKA/. Armenia’s insurance companies paid a total of about 3,648.7 million drams in 18,330 car insurance compensation payments in January-April, an increase of 32% compared to January-March level, the website of Armenia’s car insurers’ bureau says.

There were over 371,400 vehicles insured in Armenia as of the end of April (0.96% increase over April). Total number of compensation claims exceeded 18,180 (31.7%); only some 150 claims were turned down, according to the report.

Compensation worth a total of 137.52mln drams is still under way.
Insurance bonuses amounted to a total of about 8.2bln drams over the four months, an 11.7% increase over April.

There are currently seven insurance companies operating in Armenia. ($1=416.84drams). –0—

spot_img

POPULAR

FINTECH360 International Conference Held in Armenia

The international FINTECH360 conference took place in Yerevan, bringing together around 500 participants from more than 30 countries, including the United States, United Kingdom, France, Germany, Switzerland, Cyprus, Latvia, Luxembourg, Romania, UAE, India, Russia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Moldova, Uzbekistan, Georgia, and others.

Euro to Armenian dram exchange rate jumped 3.22 points, while the dollar and ruble remained unchanged: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 6, 2026, decreased by 0.44 points compared to May 5, to 370 drams.

Armenia adopts internationally accepted approach to forming a neutral capital buffer – Central Bank Governor

Armenia has begun implementing a world-leading approach to forming a neutral capital buffer, announced Central Bank Governor Martin Galstyan.

Armenia Needs New Projects to Be Financed by Banks and Pension Funds: Central Bank Governor

Armenia needs high-quality projects that could be financed by banks and pension funds, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Central Bank of Armenia maintains the refinancing rate at 6.5%

At its meeting on Tuesday, the Central Bank's Board left the refinancing rate unchanged for the fourth consecutive time at 6.5%, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img