Three major Armenian insurance companies paid 68.7% of all compensation payments in the first seven months

YEREVAN, August 16. /ARKA/. Three major Armenian insurance companies paid 68.7% of all compensation payments for damages caused by 21,102 traffic accidents involving mandatory insured cars in the first seven months of this year, which amounted to 4 million drams, the Bureau of Car Insurers said in a statement, posted on its official website.

According to the statement, total compensations paid by all insurance companies in the reporting period of time amounted to about 5.8 billion drams.

Rosgosstrakh-Armenia company was said to have paid over 1.9 billion drams in compensations, more than any other company. It was followed by Ingo Armenia, which paid over 1.3 billion drams, and Reso, which paid over 739 million drams. These three companies satisfied 2,754 compensation applications.

The statement says insurance losses in January-July amounted to 74%, 2 percent less than in January-June.

The mandatory insurance against physical damage caused to other cars and individuals became mandatory in Armenia on January 1, 2011. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 15–21)

The financial week in Armenia was marked by Central Bank decisions, discussions of public debt parameters, inflation dynamics, and institutional changes in the banking sector.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 22, 2026, fell by 0.08 points compared to June 19, to 368.07 drams.

Armenia’s GDP growth forecast is around 5.4-5.6% in the medium term: Finance Minister

The Armenian government forecasts stable economic growth of 5.4-5.6% annually in the medium term, stated RA Finance Minister Vahe Hovhannisyan.

Unibank and “Vanq” Charity Fund Support Wheelchair Basketball Exhibition Game in Yerevan

Paralympic gold medalists and U.S. Sports Envoys Rose Hollermann and Steve Serio visited Armenia to conduct a wheelchair basketball masterclass and an exhibition game. Unibank and the “Vanq” Charity Fund jointly sponsored the concluding event held in Yerevan, supporting an initiative that combined sport with a powerful message of determination, resilience, and overcoming barriers. 

Converse Bank and ADB expand access to MSME and sustainable finance in Armenia

Converse Bank and Asian Development Bank (ADB) have signed a financing agreement of up to USD 15 million aimed at expanding access to finance for micro, small, and medium-sized enterprises (MSMEs) in Armenia, including women-led businesses, and promoting sustainable investments.

LATEST NEWS

spot_imgspot_imgspot_img