Three insurers in Armenia paid over 2.5 mln drams in car insurance compensations in Jan-Apr

YEREVAN, June 4./ARKA/. The three insurance companies in Armenia paid nearly 2 527,8 million drams in mandatory car insurance compensations, it accounted for 69.2% of all compensations, according to Motor Insurance Bureau of Armenia.

Total amount of all compensations within January-April 2013 valued at nearly 3 648,7 million drams.

Rogosstrakh-Armenia company paid most of compensations – 1 162,2 million drams. The next company is Ingo Armenia – over 878.8 million drams and Reso- over 486.7 million drams.

Compensation applications submitted to top 3 companies accounted to 12, 915 within the reported period.

The loss of the insurance market in April stood at 77.5%, which was 2% lower from a month earlier.
Institute for mandatory motor insurance has been operating in Armenia since 1 January 2011.The Central Bank of Armenia has been controlling the insurance market since 1 January 2006. ($1-416.84 drams).—0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 31 – September 6)

Armenia's financial agenda this week focused on capital market development, macroeconomic indicators, and attracting international financing for government programs.

Armenia calls on Visa to reduce fees for cashless payments through POS terminals

RA Deputy Prime Minister Mher Grigoryan called on the international payment system Visa to discuss the possibility of reducing fees charged for cashless payments through POS terminals in Armenia.

Deposits in Armenian commercial banks at the end of July amounted to approximately 8.3 trillion drams

Deposits in commercial banks in Armenia at the end of July 2026 amounted to 8,289,634 million drams, compared to 8,070,715 million drams in June. This is according to data from the Statistical Committee of the Republic.

EBRD’s AMD-denominated bonds listed on AMX; Converse Bank acted as underwriter

The AMD-denominated bonds issued by the European Bank for Reconstruction and Development (EBRD) have been listed on the Armenia Securities Exchange (AMX).

AMX held government bond placement and exchange auctions totaling approximately 38 billion drams

Yesterday, the Armenia Securities Exchange held a government bond placement auction totaling 35 billion drams and exchange auctions totaling over 2.9 billion drams.

LATEST NEWS

spot_imgspot_imgspot_img