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

Byblos Bank Armenia joins FinTech Armenia as Founding Member

Byblos Bank Armenia has joined FinTech Armenia Association as a Founding Member, marking a significant milestone in the Bank’s ongoing efforts to drive digital transformation and innovation within the financial sector.

KPMG’s audit of Renshin confirms the accuracy of its financial statements – CFO

“The audit confirms key parameters such as capital adequacy, liquidity, and asset quality՞, said Kristine Chichyan, the company’s CFO.

Euro and dollar exchange rates fall against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 15, 2026, decreased by 0.71 points compared to April 14, to 374.48 drams.

Yerevan’s budget revenue exceeded its target by 7.2% in the first quarter: Municipality

In the first quarter of 2026, Yerevan's budget actually received 22.3 billion drams, compared to its planned revenue of 20.8 billion drams, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Unibank Awarded Client Protection Certification by MFR

Unibank has been awarded the Client Protection Certification by MFR, a global rating agency, providing assessments, data and technical expertise for the sustainable finance industry.

LATEST NEWS

spot_imgspot_imgspot_img